Unemployment is 4.9 percentless than half of the Great Recession peakbut Bernie Sanders got a big cheer


Unemployment is 4.9 percent—less than half of the Great Recession peak—but Bernie Sanders got a big cheer when he dismissed the official unemployment rate as not reflecting those who are involuntarily working part time, or those who have become so discouraged they have given up looking for employment.

1. Which of the alternative measures of unemployment does Bernie Sanders think is more relevant than the official unemployment rate and what was its level at the start of 2016?

2. By how much did the broadest measure of unemployment change from its 2008–2009 “Great Recession” peak?

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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