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Measuring the status of the labor market

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Reference no: EM131957136

The unemployment rate has been an important factor in the Fed's consideration of interest rates. However, there are some problems when it comes to looking at the unemployment rate without considering other factors.

What other indicators are important to consider when measuring the status of the labor market?

What are the issues that are overlooked when examining the unemployment rate without considering these other factors?

Reference no: EM131957136

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