I rate. In a study to the economic impact of the Covid-19 pandemics in the during the pandemics, unemployment rises across states in 2020. Similarly, reopened and moved quickly out of the Covid-19 recession, unemployment most states. However, there are still noticeable regional differences of how med in different states. The table below compares unemployment rates of New York and Texas in October 2019 (10/2019), October 2020 (10/2020) 2021). Use your language to explain the differences of unemployment rate other three states. Unemployment rate (%) of selected States Arkansas California New York Texas 3.5 3.9 3.9 3.5 5.6 9.8 8.7 7.3 3.7 7.3 6.9 5.4 8

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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CPI 20z0
(2) Being another key indicator, employment reflects the current status of an economy. Empirical
evidence shows a higher growth rate of national output (GDP) usually goes hand-in-hand with a
lower unemployment rate. In a study to the economic impact of the Covid-19 pandemics in the
US, you noticed that during the pandemics, unemployment rises across states in 2020. Similarly,
after state economies reopened and moved quickly out of the Covid-19 recession, unemployment
rates also dropped in most states. However, there are still noticeable regional differences of how
the job market performed in different states. The table below compares unemployment rates of
Arkansas, California, New York and Texas in October 2019 (10/2019), October 2020 (10/2020)
and October 2021 (10/2021). Use your language to explain the differences of unemployment rate
between Arkansas and other three states.
しfS、
572.5* 100-112.576
S72.5X 100 = G4.148
72,6
%3D
Unemployment rate (%) of selected States
Date
Arkansas
California
New York
Техas
10/2019
3.5
3.9
3.9
3.5
10/2020
5.6
9.8
8.7
7.3
10/2021
3.7
7.3
6.9
5.4
8.
Transcribed Image Text:CPI 20z0 (2) Being another key indicator, employment reflects the current status of an economy. Empirical evidence shows a higher growth rate of national output (GDP) usually goes hand-in-hand with a lower unemployment rate. In a study to the economic impact of the Covid-19 pandemics in the US, you noticed that during the pandemics, unemployment rises across states in 2020. Similarly, after state economies reopened and moved quickly out of the Covid-19 recession, unemployment rates also dropped in most states. However, there are still noticeable regional differences of how the job market performed in different states. The table below compares unemployment rates of Arkansas, California, New York and Texas in October 2019 (10/2019), October 2020 (10/2020) and October 2021 (10/2021). Use your language to explain the differences of unemployment rate between Arkansas and other three states. しfS、 572.5* 100-112.576 S72.5X 100 = G4.148 72,6 %3D Unemployment rate (%) of selected States Date Arkansas California New York Техas 10/2019 3.5 3.9 3.9 3.5 10/2020 5.6 9.8 8.7 7.3 10/2021 3.7 7.3 6.9 5.4 8.
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