In the Wall Street Journal (last March) it was reported that the unemployment rate decreased from 4.1% to 3.9% from January 2019 to February 2019 in the United States. This unambiguously shows that the U. S. economy must have expanded and the labor market remained robust.

a. True

b. False

Question

Business

Giancarlo

3 August, 13:37

In the Wall Street Journal (last March) it was reported that the unemployment rate decreased from 4.1% to 3.9% from January 2019 to February 2019 in the United States. This unambiguously shows that the U. S. economy must have expanded and the labor market remained robust.

a. True

b. False

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Answers (1)

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Alan · Answer 1

The statement in the question given is false

Explanation:

Job finding by individuals without jobs is not the only way in which the rate of unemployment can be reduced; it can also get reduced, reason being that due to discouragement and some other factors, the jobless are no longer looking for employment, thus they are withdrawing from the labor force altogether.

If the situation described above is true, then a diminishing unemployment rate is necessarily a sign of economic expansion, although could indicate a structural weakness of the job market.

Thus, the statement in the question given is false.

In the Wall Street Journal (last March) it was reported that the unemployment rate decreased from 4.1% to 3.9% from January 2019 to February 2019 in the United States. This unambiguously shows that the U. S. economy must have expanded and the labor market remained robust.a. Trueb. False

In the Wall Street Journal (last March) it was reported that the unemployment rate decreased from 4.1% to 3.9% from January 2019 to February 2019 in the United States. This unambiguously shows that the U. S. economy must have expanded and the labor market remained robust.

a. True

b. False