During recessions, industries such as construction often cut back on employees. The newly unemployed workers may seek
Question:
a. If workers are seeking jobs, how does the BLS count those workers?
b. If workers have stopped seeking jobs, how does the BLS count those workers?
c. Use this information to explain why, when the economy begins to recover from a recession, the unemployment rate may initially worsen.
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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