Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In March 2016 American employers added 215,000 positions to their payrolls, bringing the average job increase for the year to more than 200,000 per month.

In March 2016 American employers added 215,000 positions to their payrolls, bringing the average job increase for the year to more than 200,000 per month. At the same time, though, the official unemployment rate actually went up, from 4.9% to 5.0%. What is a likely explanation? Group of answer choices The labor force has decreased The number of volunteering positions in the U.S. economy has decreased The number of people working part-time has increased "Discouraged workers" re-entered the labor force

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

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

More Books

Students also viewed these Economics questions

Question

How easy the information is to remember

Answered: 1 week ago

Question

The personal characteristics of the sender

Answered: 1 week ago