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US employers went on a hiring spree in October, adding 337,000 new jobs, many of them for hurricane cleanup. Despite this the Labor Department...
US employers went on a hiring spree in October, adding 337,000 new jobs, many of them for hurricane cleanup. Despite this the Labor Department reported a rise in the unemployment rate from 5.4 to 5.5 percent. The breakdown was as follows: the jobless rate for black people jumped to 10.7 from 10.3 percent; the rate for Hispanics fell to 6.7 from 7.1 per cent, the rate for teenagers grew to 17.2 from 16.6 per cent, and the rate for 14
whites held at 4.7 percent.” How would you explain the rise in the unemployment rate in the face of so many new jobs.
the new jobs were mostly part-time
less than 337,000 people joined the labor force
337,000 people joined the labor force
More than 337,000 joined the labor force
