Explain unemployment rate

Reference no: EM13173655

a. In early March we received the news that in February the economy added 227,000 new jobs, exceeding expectations. At the same time the unemployment rate remained at 8.3%. Use your understanding of the labor market to explain how these two things could happen at the same time.

b. Briefly explain in your own words the things that government can do to reduce the unemployment rate.

Reference no: EM13173655

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