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In: Economics

The unemployment rate provides a gauge of economic pain during a recession, and can also be...

The unemployment rate provides a gauge of economic pain during a recession, and can also be
used to assess the recovery. The unemployment rate in the United States hit a high of 10% in
October 2009 and has been falling ever since. In December 2017 the unemployment rate was
4.1%, which is historically extremely low. And, yet, there is a sense of economic malaise and
insecurity in the country. What explains this disconnect? If the unemployment rate is a flawed
or limited statistic, what relevant information is being ignored? How else might you measure
the economic health of the labor force

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Expert Solution

Rahul Sunny answered 2 years ago
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