According to the Labour Force Survey,the number of jobs in Canada shrank by 7000 during the month of February 2014,yet the unemployment rate remained constant at 7%.It is likely that the unemployment rate was unaffected because:
A) the participation rate rose.
B) the participation rate fell.
C) older workers were retiring in fewer numbers since their retirement savings were hurt by the financial crisis a few years earlier.
D) increased numbers of younger workers were shifting from part-time to full-time employment.

Question

Quizplus · Accepted Answer

The unemployment rate remained constant despite the decrease in the number of jobs because the participation rate fell. This means that fewer people were actively seeking employment, which offsets the decrease in the number of jobs.

According to the Labour Force Survey,the Number of Jobs in Canada