Toward the end of this chapter, it was stated that if half of the 8.8 million involuntary part-time workers in August 2011 were counted as unemployed, thenthe unemployment rate that month would have...


Toward the end of this chapter, it was stated that if half of the 8.8 million involuntary part-time workers in August 2011 were counted as unemployed, thenthe unemployment rate that month would have been 12.0 percent instead of 9.1 percent. Do the necessary calculations to confirm this statement, using the information in Figure 7. (Hint: The size of the labor force will not be affected.)



May 19, 2022
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