Is it possible for the number of employed workers to increase while the unemployment rate rises?...
Question:
Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain.
Bureau of Labor Statistics:
The Bureau of Labor Statistics is a United States government agency that is part of the larger United States Department of Labor. It is the main federal agency that compiles and distributes statistical data about the United States and employs approximately 2,500 people.
Answer and Explanation: 1
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View this answerYes, it is possible.
The number of people employed can increase while the unemployment rate rises because of how the unemployment rate and the number...
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Why the Unemployment Rate Decreases and Increases
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Chapter 6 / Lesson 2
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Unemployment rates are an important indicator of the economy. This lesson will explore what defines unemployment, why unemployment rates change, the way unemployment is calculated, and look at the three types of unemployment.
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