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Unformatted text preview: ployment growth tended to be highest in
services and much lower in manufacturing
4. Which one of the following statements is not true when we look at the US labor market?
a. an increasingly large component of the labor force in the US has a college education
b. employment growth has been faster in the US than Europe or Japan in the past 40 years
c. labor force participation rates are substantially lower in the US than most European countries
d. unemployment rates tend to peak during recessions
There are two incorrect statement: labor force participation rates are substantially lower in the US than most European
countries and the unemployment rate for Hispanics tend to be higher than the rates for blacks
5. Who would be included in the labor force?
a. Mark, a full-time student not looking for work
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