Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of
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Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of unemployed workers declined by only 7.3 million. How are these numbers consistent with each other? Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed?
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The fact that employment increased 121 million while unemployment decl...View the full answer
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Sandhya Sharma
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