asked 183k views
3 votes
If the labor force grows at a faster rate than the number employed, the unemployment rate will fall. True or false

1 Answer

3 votes

Answer:

False.

Step-by-step explanation:

The unemployment rate is the proportion of the population that is out of work, revealed in percentage. There could be many factors for the rise of unemployment in a society which could be seasonal occupation, disability, lack of skills, etc. But if labor forces grow faster than that of the number of people already working and the number of working positions intact it will further lead to a rise in the unemployment rate.

answered
User Nicola Uetz
by
8.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.