asked 50.7k views
5 votes
After several quarters of a severe recession, explain why there might be a decrease in the official unemployment rate. Businesses begin to hire again.The government wants to instill optimism.Discouraged workers stop looking for work.Businesses substitute capital for labor.

asked
User TDawg
by
9.0k points

1 Answer

3 votes

Answer:

Businesses begin to hire again.

Step-by-step explanation:

Economic recovery is the phase of the economy that follows a recession, during which an economy regains and exceeds peak employment and output levels prior to downturn.

A recovery period is characterized mainly by high levels of growth in real gross domestic product, employment, corporate profits, and other indicators.

Therefore as given in the scenario, ''after several quarters of a severe recession, the reason there might be a decrease in the official unemployment rate is because of growth in employment as businesses begin to hire again.

answered
User Yurilo
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.