Economists measure the unemployment rate to gauge the health of the economy

Question

Social Studies

Richardson

26 January, 17:34

Economists measure the unemployment rate to gauge the health of the economy

+1

Answers (2)

Know the Answer?

Isabela Glenn · Answer 1

It is true. One of the indicators of the health of an economy is the unemploymet rate. A good unemployment rate is 4 percent nowadays of economic turmoil.

Jeffery Gillespie · Answer 2

True, kind of.

Economists measure the unemployment rate to give themselves an understanding of how the labor market is currently operating, which is one indicator that they might use to determine the overall health of the economy.