January2016January2015Washington3,588,100209,9003,521,200202,700Resident labor forceUnemployedSeattle/Bellevue/EverettResident labor force1,594,60081,4001,569,80069,900Unemployed The percentage change in the number of unemployed in Washington between January2015 and January 2016 is:Show the percentage in decimal form. Show 3 decimal places.

A person is said to be unemployed when they are unable to find job at prevailing market wage rate .

Answered: The percentage change in the number of…

The percentage change in the number of unemployed in Washington between January 2015 and January 2016 is: Show the percentage in decimal form. Show 3 decimal places.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 20RQ: Why is there unemployment in a labor market with flexible wages?

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