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The United States unemployment rate increased and the labor force participation rate increased from November 2022 to November 2023. At the same time, in November
The United States unemployment rate increased and the labor force participation rate increased from November 2022 to November 2023. At the same time, in November 2023 the United States unemployment rate was lower than the Natural Rate of Unemployment. What is a possible explanation for this? The economy is likely in a recession. Many people who are unemployed have stopped looking for work. The economy is likely in a recession. Many people have given up looking for work and many others have lost their jobs. The economy has been relatively stable for some time. The economy is likely in an expansion, but is beginning to slow down. Many people are starting to look for work, but not as many are getting jobs as before
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