Why is the unemployment rate considered by some to be an incomplete measure of economic hardship and
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The unemployment rate only reflects the employment status of those individuals who are officially counted as part of the labor force Recall that those who have not searched in the last four weeks are relegated to the category of not in the labor force and hence their lost output fails to be captured by the official ...View the full answer
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Related Book For
The Economics of Women Men and Work
ISBN: 978-0132992817
7th edition
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
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