How many missing jobs (a FRED question): Suppose the U.S.unemployment rate int the most recent month had been10% instead of its actual value. How many fewer people would have been working (assuming the labor force remained the same)? *note: I found that the unemployment rate is 3.5%, and Labor force 62.3 from FRED. Please show work with the given numbers from FRED.
How many missing jobs (a FRED question): Suppose the U.S.unemployment rate int the most recent month had been10% instead of its actual value. How many fewer people would have been working (assuming the labor force remained the same)? *note: I found that the unemployment rate is 3.5%, and Labor force 62.3 from FRED. Please show work with the given numbers from FRED.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How many missing jobs (a FRED question): Suppose the U.S.
*note: I found that the unemployment rate is 3.5%, and Labor force 62.3 from FRED. Please show work with the given numbers from FRED.
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