The table gives information about the labor force in the economy of Sandy Island. Calculate the change in the unemployment rate from July 2020 to August 2020. The unemployment rate in April 2020 is >>> Answer to 1 decimal place. percent. -... Labor Market Data In April 2020 Employed Unemployed During May 2020 Lost jobs and didn't look for new ones Quit jobs and retired 20,000 1,000 Looked for work and were hired Discouraged workers 100 30 ༄88¥ 120 40 New graduates looking for work 40
The table gives information about the labor force in the economy of Sandy Island. Calculate the change in the unemployment rate from July 2020 to August 2020. The unemployment rate in April 2020 is >>> Answer to 1 decimal place. percent. -... Labor Market Data In April 2020 Employed Unemployed During May 2020 Lost jobs and didn't look for new ones Quit jobs and retired 20,000 1,000 Looked for work and were hired Discouraged workers 100 30 ༄88¥ 120 40 New graduates looking for work 40
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 5CQ
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![The table gives information about the labor force in the economy of Sandy Island.
Calculate the change in the unemployment rate from July 2020 to August 2020.
The unemployment rate in April 2020 is
>>> Answer to 1 decimal place.
percent.
-...
Labor Market Data
In April 2020
Employed
Unemployed
During May 2020
Lost jobs and didn't look for new
ones
Quit jobs and retired
20,000
1,000
Looked for work and were hired
Discouraged workers
100
30
༄88¥
120
40
New graduates looking for work
40](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc19a0939-6ac8-4d2a-997f-84d658e0b274%2F5850b03f-05d1-4606-b6a3-307895a3e399%2F97pmm0u_processed.png&w=3840&q=75)
Transcribed Image Text:The table gives information about the labor force in the economy of Sandy Island.
Calculate the change in the unemployment rate from July 2020 to August 2020.
The unemployment rate in April 2020 is
>>> Answer to 1 decimal place.
percent.
-...
Labor Market Data
In April 2020
Employed
Unemployed
During May 2020
Lost jobs and didn't look for new
ones
Quit jobs and retired
20,000
1,000
Looked for work and were hired
Discouraged workers
100
30
༄88¥
120
40
New graduates looking for work
40
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