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  • 14-05-2021
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In four or more sentences, explain how the US unemployment rate is determined.

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ElyiseGehrung
ElyiseGehrung ElyiseGehrung
  • 14-05-2021

Answer:

The unemployment rate in the US is obtained by dividing the number of unemployed persons by the number of persons in the labor force (employed or unemployed) and multiplying that figure by 100. There are, however, various ways of defining “unemployed,” each yielding a distinct unemployment rate.

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