Macroeconomic data
Question 7
1 pts
Suppose the current actual u-rate in October 2022 is 3.679% (0.03679) and total civilian labor force is estimated at 164, 667,000 for the same month. From the concept of u-rate estimation equation, the total number of civilian labor force actually unemployed is estimated at approximately
6,998,545
6,710,528
6,058,099
6,045,598