SOLUTIONS MANUAL

U = 154.9m × 0.05 = 7.745 million. The numbers for the other years are found similarly. The answers are contained in the following table: 2008 2011 2016 Labor Force (LF) 154.9m 152.8m 157.4m Unemployed Population (U) 7.745m 13.9m 7.713m As for part (c), these numbers are concerning despite the unemployment rate returning to something less than 5%. ................
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