Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

If people in the military aren't included in the labor force, does the unemployment rate become a better or worse indicator of the state of the economy?

Sagot :

The unemployment rate is not significantly affected if members of the military are excluded from the labor market because they make up one-tenth of the labor force, hence there are little to no changes in the unemployment rate indicator in economy . The proportion of the labor force that is unemployed is known as the unemployment rate.

It is a lagging indicator, which means that the instead of rising or falling in advance of shifting economic conditions, it typically does so in response to them. The unemployment rate is likely to increase when there are few jobs available and the economy is struggling.

To learn more about economy, click here.

https://brainly.com/question/2421251

#SPJ4

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.