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Unformatted text preview: U rate maybe overstated because Decreases in rate due to increases in people dropping out (discouraged workers) Decreases due to government accounting of false information geography Reasons for Unemployment: 1. Job loser: person either fired or laid off (51.5%) 2. Job Leaver: person who quits (11.5%) 3. Reentrant: person previously employed who hasnt worked for some time (30.2%) 4. New entrant: person never held a full-time job for 2 weeks or longer; not looking (6.8%)...
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This note was uploaded on 05/18/2011 for the course ECON 101 taught by Professor Mcdounough during the Spring '11 term at DeVry Westminster.
- Spring '11