Question Suppose the adult population (POP) increased by 2%, the number of unemployed people (U) increased by 3%, and the labor force participation fell by 1%. Approximately, how much did the unemployment rate change?
Question
Suppose the adult population (POP) increased by 2%, the number ofunemployed people (U) increased by 3%, and
the labor force participation fell by 1%.
Approximately, how much did the unemployment rate change?
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