Between August 2011 and August 2012 the number of economic part-time workers decreased from 8.8 million to 8.0 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 their transition to full-time jobs does not affect the U-3 rate.

Between August 2011 and August 2012 the Number of Economic