Question

• What might cause the unemployment numbers to be questioned from an accuracy standpoint and a...

• What might cause the unemployment numbers to be questioned from an accuracy standpoint and a relevancy perspective?

Homework Answers

Answer #1

Unemployment rate is not accurate because:

  • We know the number of people unemployed at a point of time but we are not aware about those unemployed people who have stopped looking for a job.
  • A person is considered unemployed is she is looking for a job from the last 4 weeks and not able to find. This data cannot be accurately collected from macro level every 4 weeks.
  • Many people are doing part time work on cash and registered as unemployed in government data to get some aids or transfer payments which gives us inflationary number of unemployment.
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the relationship and cause between the Great Depression and unemployment?
What is the relationship and cause between the Great Depression and unemployment?
What events might cause an IRS examination
What events might cause an IRS examination
What is the protective function from an evolutionary standpoint of the spinal flexion reflex?
What is the protective function from an evolutionary standpoint of the spinal flexion reflex?
What is home asset bias and what might be its cause?
What is home asset bias and what might be its cause?
what might cause a firm to face capital constraints? Provide an example
what might cause a firm to face capital constraints? Provide an example
What might be the ramifications, financially and from a marketing perspective, of increasing the accounts receivable...
What might be the ramifications, financially and from a marketing perspective, of increasing the accounts receivable lag time?
What is parent-offspring conflict from an evolutionary standpoint? What about sibling conflict? Calculate relatedness to support...
What is parent-offspring conflict from an evolutionary standpoint? What about sibling conflict? Calculate relatedness to support your answer.
What are the FOMC’s current opinions on economic growth, unemployment, interest rates, and inflation? How might...
What are the FOMC’s current opinions on economic growth, unemployment, interest rates, and inflation? How might their stance change moving forward?
What two main things might cause the Production Possibilities Frontier to expand (shift outward)?
What two main things might cause the Production Possibilities Frontier to expand (shift outward)?
Briefly describe how a client might "manage the numbers" and what is the audit response?
Briefly describe how a client might "manage the numbers" and what is the audit response?