24. The BLS reported the following data: In July 2010, employment declined by 131,000 but the unemployment

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24. The BLS reported the following data: In July 2010, employment declined by 131,000 but the unemployment rate was unchanged at 9.5 percent. About 2.6 million persons were marginally attached to the labor force and among the marginally attached, 1.2 million workers were discouraged.

a. Calculate the change in unemployment in July 2010.

b. With 2.6 million marginally attached workers and 1.2 million of them discouraged workers, what are the characteristics of the other 1.4 million marginally attached workers?

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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