If the employee turnover of a firm is contingent upon the unemployment rate, it could mean that turnover increases as unemployment decreases.

Question

Quizplus · Accepted Answer

When the unemployment rate decreases, it often indicates a stronger job market, making it easier for employees to find new job opportunities. This can lead to higher employee turnover as workers feel more confident in leaving their current positions for potentially better ones.

If the Employee Turnover of a Firm Is Contingent Upon