Social Studies, 21.04.2020 02:23 kcain1020
Suppose that roughly 8 million people in the United States were actively seeking jobs but had not found them this month, the same number as last month. Suppose that 2 million of the people who were unemployed last month gave up their search this month and stopped looking for work. What will happen to the official unemployment rate this month, all other things unchanged?A) It will rise, because 2 million people are not in the labor force this month and are not counted as unemployed.
B) It will fall, because 2 million people are not in the labor force this month and are not counted as unemployed.
C) It will be unaffected, because the same number of people is unemployed.
D) Not enough information is provided to determine what happens to the
unemployment rate.
Answers: 3
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