The U-1 rate for April 2020 was 1.1%.The U-3 rate for April 2020 was 14 .7%. Based on the answers to the previous questions on the month of April 2020, what is the numerical difference between the U-1 measure of long-term unemployment, and the U-3 unemployment rate?

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
Problem 5SQP
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The U-1 rate for April 2020 was 1.1%.The U-3 rate for April 2020 was 14 .7%. Based on the answers to the previous questions on the month of April 2020, what is the numerical difference between the U-1 measure of long-term unemployment, and the U-3 unemployment rate?

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