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    pros and cons of the unemployment as an economic indicator

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    I am working on an essay discussing the pros and cons of the unemployment rate as an economic indicator. I have the pros down but not sure of the cons of why unemployment rate is a good indicator?

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    The unemployment rate is a lagged economic indicator. This is because employers tend to increase the number of hours current employees are working before they hire new ones. So, unemployment tends to increase for 2 or 3 quarters after the economy starts to improve. Likewise they will decrease the ...

    Solution Summary

    The pros and cons of the unemployment as an economic indicators are examined.