Question

The average U.S. unemployment rate fluctuates around ______ and the National Restaurant Association estimates that the number of jobs in the industry will grow by ______ over the next decade.

a) 5%, 5%
b) 10%, 8%
c) 3%, 2%
d) 7%, 15%

Answer 1

The average U.S. unemployment rate stabilizes at about 4% to 6%, with a natural rate of around 4.5% to 5.5% in the early 2020s. Thus, the correct answer is a) 5%, 5%.

Step-by-step explanation:

The average U.S. unemployment rate tends to return to a range of 4% to 6%. Looking at the long-term pattern, despite fluctuations including peaks during recessions such as those in the early 1980s, 2007-2009, and 2021, the rate does not show an overall trend of moving significantly higher or lower over time. As of the early 2020s, estimates of the natural rate of unemployment in the U.S. are around 4.5% to 5.5%. Therefore, the correct answer to the student's question is: a) 5%, 5%.

The average U.S. unemployment rate fluctuates around 4% to 6%. According to the National Restaurant Association, the number of jobs in the industry is estimated to grow by 15% over the next decade.The average U.S. unemployment rate tends to return to a range of 4% to 6%. Looking at the long-term pattern, despite fluctuations including peaks during recessions such as those in the early 1980s, 2007-2009, and 2021, the rate does not show an overall trend of moving significantly higher or lower over time. As of the early 2020s, estimates of the natural rate of unemployment in the U.S. are around 4.5% to 5.5%. Therefore, the correct answer to the student's question is: a) 5%, 5%.