Between January and February 2023, the unemployment rate and the labor force participation rate both increased, while
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Between January and February 2023, the unemployment rate and the labor force participation rate both increased, while the employment– population ratio remained unchanged and employment increased by 177,000.
a. Briefly explain how an economy can have an increasing labor force participation rate at the same time as the the employment-population ratio remained unchanged.
b. Briefly explain how an economy can increase employment at the same time that the unemployment rate increases.
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a An increasing labor force participation rate means more people are actively seeking employment or ...View the full answer
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