Question

In 2007, the bureau of labor statistics calculated the unemployment rate to be 7.5%. what was the unemployment rate in 2013?

a. 6.9%
b. 7.2%
c. 7.6%
d. 8.1%

Answer 1

In 2013, the unemployment rate was 7.6%, which corresponds to option c in the provided choices. This figure is based on data compiled by the Bureau of Labor Statistics during the economic recovery phase following the 2007-2009 recession.

Step-by-step explanation:

The question inquires about the unemployment rate in 2013. Drawing from historical data, the unemployment rates fluctuate year over year due to various economic influences. The Bureau of Labor Statistics, which compiles this data, observed lower unemployment rates in the late 1990s and mid-2000s, with the rate going below 5% from 1997 to 2000. However, during the period after the 2007 financial crisis, the rates were higher. In 2013, the unemployment rate was 7.6%, which is the answer c in the multiple-choice question provided. This number is consistent with the slow recovery trend following the high unemployment rates that occurred during the recession period around 2007-2009.