If unemployment in the United States was approximately 5 percent, most economists would believe that the economy was

Question

Quizplus · Accepted Answer

A 5 percent unemployment rate is typically considered close to or at full employment, as there will always be some level of unemployment due to factors such as people transitioning between jobs or seasonal employment changes. Therefore, most economists would not consider it abnormally high or indicative of a weak economy.

If Unemployment in the United States Was Approximately 5 Percent