Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In June 2020, the California unemployment rate reached 14.9% and has dropped down to 11.4% since August 2020. Manh economists have expressed that the rate
In June 2020, the California unemployment rate reached 14.9% and has dropped down to 11.4% since August 2020. Manh economists have expressed that the rate drop is misleading. Explain the possibility of the method used to calculate unemployment leading to a decrease in the unemployment rate in the last couple of months. Provide the individuals that aren't included in the labor force which are potentially causing the rate to decrease.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started