In February 2014, the US added 175,000 jobs to the economy, what can you say about the unemployment rate?
Understand the Problem
The question is asking what effect the addition of 175,000 jobs to the economy in February 2014 had on the unemployment rate. It presents multiple-choice options that suggest various scenarios regarding how unemployment might respond to this job increase.
Answer
D. It may increase, decrease, or stay the same.
The final answer is D. It may increase, decrease, or stay the same depending on how many people are looking for jobs.
Answer for screen readers
The final answer is D. It may increase, decrease, or stay the same depending on how many people are looking for jobs.
More Information
Despite adding jobs, the unemployment rate can vary based on labor market dynamics like labor force participation and economic expectations.
Tips
Remember that the unemployment rate depends not just on jobs created, but also on changes in the labor force.
Sources
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