Consider the recent report “The Employment Situation – April 2015” – released Friday 5-8-15) by the U.S. Department of Labor:
According to the Bureau of Labor Statistics, the national unemployment rate“was essentially unchanged at 5.4percent”from March to April 2015. Where does this information place the performance of the U.S. macroeconomy? From these basic unemployment rate figures can we be confident that the economy has fully recovered from the recession of 2008-2009 and is moving towards a prosperous expansion? What figures in the report (or that you can find elsewhere) might provide the basis for an argument to the contrary? Explain.
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