According to a Labour Force Survey in a country, total employment increased by around 1.35 million workers

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According to a Labour Force Survey in a country, total employment increased by around 1.35 million workers between 2010 and 2016, but the number of unemployed workers increased by 350,000.

a. How are these numbers consistent with each other?

b. In some cases, there can be an increase in the number of people employed but the number of unemployed people declines by a smaller amount.

Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed?

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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Question Posted: Nov 04, 2024 07:01 AM

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According to a Labour Force Survey in a country, total employment increased by around 1.35 million workers

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Economics

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