A Wall Street Journal article stated that the U.S. economy added 155,000 jobs in November 2018, yet the unemployment rate, the labor force participation rate, and the employment-population ratio remained unchanged between October and November 2018. Source: Josh Zumbrun and Jeffrey Sparshott, "Did the Labor Market Slow in November? Here's How It Compares," Wall Street Journal, December 7, 2018. a. How is it possible for the economy to add jobs yet maintain the same unemployment rate, labor force participation rate, and employment-population ratio? The only way for these measures to remain constant when the number of people employed increased is OA. for the number of unemployed, the working-age population, and the labor force to have all decreased by the same percentage as the increase in the number of people employed. OB. if the size of the labor force was significantly larger than the actual number reported. OC. for the number of unemployed, the working-age population, and the labor force to have all increased by the same percentage as the increase in the number of people employed. OD. It is not possible to add jobs to the economy without at least one of these measures changing.
A Wall Street Journal article stated that the U.S. economy added 155,000 jobs in November 2018, yet the unemployment rate, the labor force participation rate, and the employment-population ratio remained unchanged between October and November 2018. Source: Josh Zumbrun and Jeffrey Sparshott, "Did the Labor Market Slow in November? Here's How It Compares," Wall Street Journal, December 7, 2018. a. How is it possible for the economy to add jobs yet maintain the same unemployment rate, labor force participation rate, and employment-population ratio? The only way for these measures to remain constant when the number of people employed increased is OA. for the number of unemployed, the working-age population, and the labor force to have all decreased by the same percentage as the increase in the number of people employed. OB. if the size of the labor force was significantly larger than the actual number reported. OC. for the number of unemployed, the working-age population, and the labor force to have all increased by the same percentage as the increase in the number of people employed. OD. It is not possible to add jobs to the economy without at least one of these measures changing.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A Wall Street Journal article stated that the U.S. economy added 155,000 jobs in November 2018, yet the unemployment rate, the labor force participation rate, and the employment-population ratio remained unchanged between October and
November 2018.
Source: Josh Zumbrun and Jeffrey Sparshott, "Did the Labor Market Slow in November? Here's How It Compares," Wall Street Journal, December 7, 2018.
a. How is it possible for the economy to add jobs yet maintain the same unemployment rate, labor force participation rate, and employment-population ratio?
The only way for these measures to remain constant when the number of people employed increased is
A. for the number of unemployed, the working-age population, and the labor force to have all decreased by the same percentage as the increase in the number of people employed.
B. if the size of the labor force was significantly larger than the actual number reported.
C. for the number of unemployed, the working-age population, and the labor force to have all increased by the same percentage as the increase in the number of people employed.
D. It is not possible to add jobs to the economy without at least one of these measures changing.
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