Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-12 With Study Guide And Working Papers

Authors: Jeffrey Slater

13th Edition

0133866300, 9780133866308

More Books

Students also viewed these Accounting questions

Question

Where do emotions come from? What function do they serve?

Answered: 1 week ago