A recent report shows the unemployment rate has decreased, yet
many economists argue the labor market is still weak. What does this
suggest about how the unemployment rate should be analyzed as an
economic indicator?

Question

A recent report shows the unemployment rate has decreased, yet 
many economists argue the labor market is still weak. What does this 
suggest about how the unemployment rate should be analyzed as an 
economic indicator?

Answer

It focuses on short-term trends and excludes job quality metrics

Answer

It may not reflect discouraged workers who've stopped job-searching

Answer

It includes only those who have actively searched for work recently

Answer

It can appear low while many are still working part-time or in gig work

Crowdly

A recent report shows the unemployment rate has decreased, yet many economists ...

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