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? The labor force has decreased “Discouraged workers” re-entered the labor force The number of people working part-time has increased The number of volunteering positions in the U.S. economy has decreased
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? The labor force has decreased “Discouraged workers” re-entered the labor force The number of people working part-time has increased The number of volunteering positions in the U.S. economy has decreased
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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?
- The labor force has decreased
- “Discouraged workers” re-entered the labor force
- The number of people working part-time has increased
- The number of volunteering positions in the U.S. economy has decreased
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