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Identify "the unemployment rate" as an economic indicator for whirlpool, and explain why this indicator would be a good choice

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Identify "the unemployment rate" as an economic indicator for whirlpool, and explain why this indicator would be a good choice.

What source could be used to obtain the forecast?

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Solution Summary

This solution explains how the unemployment rate affects whirlpool and explains why this is or is not a good indicator.

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Unemployment rates are often a closely watched statistic. There are a number of reasons for this. Firstly, a definition of what an unemployment rate provides. This statistic provides the percentage of the population that is currently both out of work, and actively seeking work. Individuals who are either i) underemployed or ii) are discouraged workers are not counted in this statistic. Underemployment occurs when a person accepts a job below either their skill level, or desired hours (working part ...

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