Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

U.S. jobless rate at lowest since 1969 The U.S. unemployment rate fell from 3.8 percent to 3.6 percent in April, its lowest level for more

U.S. jobless rate at lowest since 1969 The U.S. unemployment rate fell from 3.8 percent to 3.6 percent in April, its lowest level for more than 49 years. The economy added jobs in construction and professional and healthcare services. But jobs in retailing shrank by 12,000 as shoppers moved online. Source: BBC News and careerbuilder.com, May 3, 2019 Using the information provided in the news clip, which types of unemployment were present in the U.S. economy in April 2019? Question content area bottom Part 1 The unemployment that is present in the U.S. economy in April 2019 is _______. A. frictional and structural because the economy is adding jobs B. frictional and structural because the economy is operating above full employment C. cyclical because jobs in retailing are shrinking D. only frictional because normal labor turnover is expected in construction and professional and healthcare services

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

9781266566899

Students also viewed these Economics questions