How both rates of employment and unemployment have fallen

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Reference no: EM13825775

Question-

Why did some countries fare better in the recent financial crisis? Can early warning indicators help predict which countries will be most vulnerable in an economic crisis such as the one that occurred in 2008-09?

From the data found in the Excel sheet attached, we want to focus on the following five countries:

• Australia

• China

• Iceland

• Japan

• United States

Suppose that between January 2011 and January 2012 the total number of people employed and the unemployment rate both fell. Briefly explain how this is possible.

Additional Information-

The question is belongs to Economics and it is explain about how both the rates of employment and unemployment have fallen between 2011 and 2012. The possibility of this has been explored in the answer.

Word limits- 300

Reference no: EM13825775

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