True or False. If the Employed Persons Figure increases, the unemployment rate must decrease. Key statisticsSeasonally adjusted estimates for September 2020:Unemployment rate increased to 6.9%.Participation rate decreased to 64.8%.Employment decreased to 12,571,900.Employment to population ratio decreased to 60.3%.Underemployment rate increased to 11.4%.Monthly hours worked increased by 9 million hours.YearlyMonthlyMonthlyYearlyAug-20Sep-20changechangechange (%)change(%)Seasonally adjustedEmployed people12,601,50012,571,900-29,500-0.2%-358,400-2.8%Unemployed people926,200937,40011,3001.2%228,10032.2%Unemployment rate6.8%6.9%0.1 pts1.7 ptsnanaUnderemployment11.3%11.4%0.1 pts3.0 ptsnanarateParticipation rate64.9%64.8%-0.1 pts-1.3 ptsnanaMonthly hours workedin all jobs1,6801,688-899 million0.5%-5.0%millionmillionmillionEstimates of changes throughout this release are calculated using un-rounded level estimates and may be differentfrom, but are more accurate than, movements obtained from the rounded level estimates.

Answered: Ley statistics easonally adjusted…

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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True or False. If the Employed Persons Figure increases, the unemployment rate must decrease.

Key statistics
Seasonally adjusted estimates for September 2020:
Unemployment rate increased to 6.9%.
Participation rate decreased to 64.8%.
Employment decreased to 12,571,900.
Employment to population ratio decreased to 60.3%.
Underemployment rate increased to 11.4%.
Monthly hours worked increased by 9 million hours.
Yearly
Monthly
Monthly
Yearly
Aug-20
Sep-20
change
change
change (%)
change
(%)
Seasonally adjusted
Employed people
12,601,500
12,571,900
-29,500
-0.2%
-358,400
-2.8%
Unemployed people
926,200
937,400
11,300
1.2%
228,100
32.2%
Unemployment rate
6.8%
6.9%
0.1 pts
1.7 pts
na
na
Underemployment
11.3%
11.4%
0.1 pts
3.0 pts
na
na
rate
Participation rate
64.9%
64.8%
-0.1 pts
-1.3 pts
na
na
Monthly hours worked
in all jobs
1,680
1,688
-89
9 million
0.5%
-5.0%
million
million
million
Estimates of changes throughout this release are calculated using un-rounded level estimates and may be different
from, but are more accurate than, movements obtained from the rounded level estimates.

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The unemployment rate often declines when there is rise in the number of employed workers. the discouraged workers are not included in the labor force. thus, here the official estimates might misleading marginally.

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