Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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