Economists measure the unemployment rate to gauge the health of the economy

Question

Meadow Bright

Social Studies

22 June, 12:00

Economists measure the unemployment rate to gauge the health of the economy

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Answers (2)

Know the Answer?

Cailyn · Answer 1

It is true. One of the indicators of the health of an economy is the unemploymet rate. A good unemployment rate is 4 percent nowadays of economic turmoil.

Barron · Answer 2

True, kind of.

Economists measure the unemployment rate to give themselves an understanding of how the labor market is currently operating, which is one indicator that they might use to determine the overall health of the economy.