First,provide a Brief Explanation of What the Unemployment Rate Measures

question 22

Essay

First,provide a brief explanation of what the unemployment rate measures.Second,explain how changes in each of the components of the unemployment rate can cause changes in the unemployment rate.

---

Definitions:

Boarding Schools

Educational institutions where students live on campus during the academic term.

Hispanic

A term referring to people, cultures, or countries related to Spain, or Spanish-speaking Latin America.

Latino

A term often used in the United States to refer to people from, or with ancestors from, Latin America.

Interchangeable

Means capable of being used in place of each other; items or components that can be swapped without loss of function or value.