Determining the average duration of unemployment

Reference no: EM131772291

Question: Two of the economic indicators measured by the U.S. government are "Number of employees on nonagricultural payrolls" and "Average duration of unemployment, in weeks." One of these is designated as a "lagging economic indicator" and the other is a "coincident economic indicator." Explain which you think is which, and why.

Reference no: EM131772291

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