Between January 20JO and Janual'}• 2016, U.S.employment increased by 12.1 million workers, butthe number ol unemployed workers declined by mlly7.3 million. How are these numbers ronsistent witheach other? V.'hy might one expect a reduction in thenumber of people rounted as unemployed lo be smaUerthan the increase in the number of people employed?
Between January 20JO and Janual'}• 2016, U.S.employment increased by 12.1 million workers, butthe number ol unemployed workers declined by mlly7.3 million. How are these numbers ronsistent witheach other? V.'hy might one expect a reduction in thenumber of people rounted as unemployed lo be smaUerthan the increase in the number of people employed?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Between January 20JO and Janual'}• 2016, U.S.
employment increased by 12.1 million workers, but
the number ol
7.3 million. How are these numbers ronsistent with
each other? V.'hy might one expect a reduction in the
number of people rounted as unemployed lo be smaUer
than the increase in the number of people employed?
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