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Suppose that the advent of employment websites enables jobseekers to find suitable jobs more quickly. What effect will this have on the unemployment rate over time? Also suppose that these websites encourage jobseekers who had given up their searches to begin looking again. What effect will this have on the unemployment rate?

User Edaklij
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Final answer:

The advent of employment websites has had a positive effect on the unemployment rate over time, as it makes it easier for jobseekers to find suitable jobs quickly. These websites also encourage previously discouraged jobseekers to start looking for jobs again, further reducing the unemployment rate.

Step-by-step explanation:

The advent of employment websites has had a positive effect on the unemployment rate over time. These websites make it easier for jobseekers to find suitable jobs quickly by providing a centralized platform to search for employment opportunities. This increased efficiency in the job search process can reduce the time it takes for individuals to find employment, ultimately decreasing the unemployment rate.



Furthermore, employment websites can encourage jobseekers who had given up their job searches to start looking again. By providing a convenient and accessible platform to search for jobs, these websites can reignite the job search efforts of previously discouraged individuals. This can contribute to a further decrease in the unemployment rate as more people actively participate in the labor market.

User Petagay
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