Suppose that the current overall unemployment rate is 7.5%.If structural unemployment is 1.5%,frictional unemployment is 3%,and cyclical unemployment is 2%,what is the unemployment rate that is due to seasonal factors?

Question

Quizplus · Accepted Answer

The unemployment rate due to seasonal factors can be found by subtracting structural, frictional, and cyclical unemployment from the overall unemployment rate: 7.5% - (1.5% + 3% + 2%) = 1.0%.

Suppose That the Current Overall Unemployment Rate Is 7