This blog will highlight relevant items for the Library, Educational issues and also interesting and current Economic points.
Friday, 6 July 2018
More Jobs but Higher Unemployment Rate??
This article gives a good example of how unemployment rates are calculated and how even with more jobs it is possible to have unemployment increase. This is often seen as an economy comes out of a recession and people start looking for jobs. It also explains why in the depths of a recession a drop in unemployment is not necessarily a good thing. Remember if people are not looking for work they do not count as unemployed.
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