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Is it possible for unemployment rates to increase at the same time that the number of...

Is it possible for unemployment rates to increase at the same time that the number of employed persons increases? How?

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Answer #1

Unemployment rate = No. of unemployed person/Total labor force

Total labor force - No. of unemployed person + No .of employed person

Let us assume,

No. of unemployed person = 10

No .of employed person = 5

Total labor force = 10 + 5 =15

Unemployment rate = 10/15 = 66.67%

Now the no. of employed person is increased by 20% and the no. of unemployed person is increased by 50%.

No. of unemployed person = 10+50% of 10 = 15

No .of employed person = 5+20% of 5 = 6

Total labor force = 15 + 6 =21

Unemployment rate = 15/21 = 71.43%

Yes, it is possible for unemployment rates to increase at the same time that the number of employed persons increases. This happens when the rate of increase of unemployed person is greater than the rate of increase of employed person.

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