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The labor force is 100 million people and the unemployment rate is 5%. Tight labor market
conditions motivate 10 million previously discouraged workers to start looking for a job.
Assuming that none of them has a found a job yet, calculate the (official) unemployment rate

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The labor force is 100 million people and the unemployment rate is 5.pdf

  • 1. The labor force is 100 million people and the unemployment rate is 5%. Tight labor market conditions motivate 10 million previously discouraged workers to start looking for a job. Assuming that none of them has a found a job yet, calculate the (official) unemployment rate