The following table shows some labor statistics for four years.

-Refer to the table above.Based on unemployment rates,which year appears to be a cyclical expansion?

Question

The following table shows some labor statistics for four years.
 
-Refer to the table above.Based on unemployment rates,which year appears to be a cyclical expansion?

Quizplus · Accepted Answer

Cyclical expansions occur when economic activity and employment are on the rise. In 2015, the unemployment rate decreased by 0.9% from the previous year, indicating a positive trend in employment. This is further supported by the increase in nonfarm payroll employment in 2015 compared to the previous years. Therefore, 2015 appears to be a cyclical expansion year.

The Following Table Shows Some Labor Statistics for Four Years