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Suppose the unemployment rate is 10% this month and there are 20 million officially unemployed people.Since last month's unemployment report, 2 million people found jobs
Suppose the unemployment rate is 10% this month and there are 20 million officially unemployed people.Since last month's unemployment report, 2 million people found jobs but 4 million unemployed people became discouraged and stopped searching.If there were no other changes in the labor market, what was the unemployment rate last month?
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