The unemployment rate declined from 4.5 percent in
March 2017 to 4.4 percent in April. The labor force participation rate also declined from March to April, from 63.0 percent to 62.9 percent. If the labor force participation rate had remained unchanged from March to April,
would the unemployment rate for April have been lower
than, higher than, or equal to 4.4 percent? Briefly explain.
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