Question

The unemployment rate declined from 3.8 percent in March 2019 to 3.6 percent in April. The...

The unemployment rate declined from 3.8 percent in March 2019 to 3.6 percent in April. The labor force participation rate also declined from March to​ April, from 63.0 percent to 62.8 percent.

Holding constant the number of people employed in April​ 2019, if the labor force participation rate had increased instead of​ decreased, the unemployment rate for April 2019 would be

A.

less than 3.6 percent because the value in the numerator of the formula for the unemployment rate would increase less than the value in the denominator.

B.

less than 3.6 percent because the value in the numerator of the formula for the unemployment rate would increase more than the value in the denominator.

C.

greater than 3.6 percent because the value in the numerator of the formula for the unemployment rate would increase less than the value in the denominator.

D.

greater than 3.6 percent because adding the same number to both the numerator and the denominator of a fraction that is less than one increases the value of the fraction

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Answer #1

Answer to the question:

Option d: Greater than 3.6 percent because adding the same number to both the numerator and the denominator of a fraction that is less than one increases the value of the fraction.

Explanation: The labour participation if increased to 63.2, then if we keep the noumber of employed person as constant then the number of unemployed will increase. So, when the unemployment rate and the number of workforce increase by the same number the rate of unemployment will increase. The unemploymet rate is the ratio between total number of uemployment and the total number of workforce multiplied by 100.

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