Question

That is correct! Susan, BLSAnalyst Now that Tim is a resident, I need to recalculate Cittadina's unemployment rate. Does the unemployment rate change? a. Yes, it increases to 22.33 percent. b. Yes, it decreases to16.67 percent. c. No, it stays at 20 percent.

Answer 1

The increase in the U.S. unemployment rate from 4.6% to 5.9% is more likely due to cyclical unemployment.

Step-by-step explanation:

When the U.S. unemployment rate increases, it typically indicates a change in cyclical unemployment. Cyclical unemployment refers to the unemployment that occurs due to downturns in the business cycle, such as recessions. In this case, the increase in unemployment from 4.6% to 5.9% suggests that there was a decline in economic activity, which led to more people becoming unemployed.

Answer 2

The change in the unemployment rate is more likely due to cyclical unemployment rather than a change in the natural rate of unemployment.

Step-by-step explanation:

The change in the unemployment rate is more likely due to cyclical unemployment rather than a change in the natural rate of unemployment. Cyclical unemployment refers to the fluctuations in unemployment rates that occur as a result of changes in the business cycle and overall economic conditions. During economic downturns, such as recessions, unemployment rates tend to increase as businesses lay off workers and reduce hiring. Conversely, during economic expansions, unemployment rates tend to decrease as businesses expand and hire more workers.