According to BLS data, between March 2022 and March 2023, the unemployment the rate in Oregon increased

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According to BLS data, between March 2022 and March 2023, the unemployment the rate in Oregon increased from 3.5 percent to 4.4 percent, while the number of people employed in the state increased by 54,200. Shouldn’t an increase in the number of people employed have decreased Oregon’s unemployment rate?

Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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