Between September 2013 and September 2014 the number of economic part-time workers decreased from 7.9 million to 7.1 million. Assuming the change resulted from economic part-time workers transitioning to full-time jobs, this change created
A) no change to the U-3 unemployment rate.
B) a decrease to the U-3 unemployment rate.
C) an increase to the U-3 unemployment rate.
D) an increase in the employment-to-population ratio.

Question

Quizplus · Accepted Answer

Economic part-time workers are already counted as employed in the U-3 unemployment rate, so transitioning to full-time does not change the U-3 rate.

Between September 2013 and September 2014 the Number of Economic