January 16, 2020
US economy adds 145,000 jobs in December.
Questions
- What was the change in the number of “underemployed” people in 2019?
- What measure of unemployment includes these “underemployed” people?
- Why did the unemployment rate in December remain unchanged even though 145,000 jobs were added to the economy?
- What type of unemployment do you think is most prevalent in today’s economy? What does this tell you about today’s relationship between the unemployment rate and the natural unemployment rate?
- Draw a diagram to illustrate your answer to #4.