Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
a. Between July 2018 and July 2019, employment has increased by 443,100 workers, but the labour force increased by only 340,000 workers. Explain the difference
a. Between July 2018 and July 2019, employment has increased by 443,100 workers, but the labour force increased by only 340,000 workers. Explain the difference in these numbers. Is it possible that the increase in labour force is greater than the increase in employment? b. During the same period, employment increased by 443,100 workers, but unemployment decreased by only 93,100. Are these data plausible? How could this difference be explained?
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6675a61c2ffe4_2676675a61bf11fc.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started