Reconciling Labor Market Trends
A government report states that over the past year, the number of employed people in a country increased by 1 million, while the number of unemployed people also increased by 500,000. Assuming the working-age population remained constant, explain how it is mathematically possible for both employment and unemployment to rise at the same time. What must have happened to the size of the labor force and the number of economically inactive individuals?
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Reconciling Labor Market Trends
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