The CBO estimates that unemployment would increase by 0.3%, which is the same as saying the average worker would get 0.3% fewer hours. How many hours would a worker who got 40 hours/week at the old, lower minimum wage get at the new, higher minimum wage if their boss cut their hours by 0.3% (round to one decimal place)

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Q: om

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.