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Unformatted text preview: will change all the time. Some information might change after economists got the unemployment data, and that would skew the statistic. We don’t hear much about the employment rate vs. unemployment rate because we just need to know one of them and would understand how the economy is going. For example, if we know the employment rate is low, we know the unemployment rate is high and we are in recession like today. Therefore, employment rate vs. unemployment rate doesn’t make sense. In addition, unemployment rate also is an index that indicates how many new jobs were created in given period. Economists can find the difference between two different rates in the given period....
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This note was uploaded on 04/17/2011 for the course ECON 202 taught by Professor Kotlove during the Spring '11 term at Edmonds Community College.
- Spring '11