Suppose there are 10 million unemployed out of a labor force of 100 million. This means an unemployment rate of 10/100 = .10, or 10 percent. Recalcuate the unemployment rate if 1 million previously discouraged workers re-enter the workforce and start looking for work but don't immediately find employment.
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Q1: Table 7.2 Q2: What is meant by the phrase "not Q4: With a population of 100 million, a Q5: In September there are 10,000 people unemployed Q6: Explain how the unemployment rate can drop Q7: How might the official employment statistics of Q8: What is the official definition of an Q9: Assume a population of 3,000,000 people, 500,000 Q10: How does the Bureau of Labor Statistics Q11: Suppose there are 10 million unemployed out
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