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At the end of 2009, the unemployment rate in the US was 9.9 percent and the labor force participation rate was 63 percent. In mid
At the end of 2009, the unemployment rate in the US was 9.9 percent and the labor force participation rate was 63 percent. In mid 2010, the unemployment rate was still at 9.9 percent, however, the labor force participation rate went up to 65.2 percent.
Many economic analysts were saying that the US economy was recovering, as the antiplation for a labor market recovery was high.
Why was the economy recovering when the unemployment rate stayed at the same rate of 9.9 percent? Explain succinctly. Do not include unnecessary information.
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