PLEASE TYPE YOUR ANSWER 5. In an economic slowdown, the unemployment rate rises,

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PLEASE TYPE YOUR ANSWER

5. In an economic slowdown, the unemployment rate rises, because employment growth slows or declines. But how high the jobless rate goes can depend on how fast the labor force grows. Explain how labor force growth plays a role here and why 6. The U.S. jobless rate fell last month to its lowest level in three years. Is that necessarily a sign the ec onomy is improving? 7. Some believe the number of jobs created, rather than the unemployment rate, gives a more timely indication of the state of the economy. Explain what thinking must lie behind this statement Some politicians argue that introducing more widespread use of wind and solar energy will add a significant number of green jobs. What would you have to know to determine if the increased use of such green technologies would tend to increase, decrease, or leave unchanged total U.S. employment? Be specific

Explanation / Answer

5. Yes it is true that in economic slowdown employment growth declines or slowdown this is because in recession aggregate demand is low and thus inventory stock rises. Due to increase in inventory stock business houses don't plan new investment thus workers are laid off rising level of unemployment.

Labour force is defined as number of people actively looking for jobs. Every year new graduates, school dropouts, those who not looking actively for job earlier enters workforce. With limited working opportunity and rising unemployment the level of unemployment rises.

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