S E34: The Boom and Bust of Business Cycles
Think Like An Economist
What's the Difference Between Domestic Income and Unemployment?
G d p measures domestic income, but it relies on different data sources. Initial nemployment claims tell you something about how many people have just lost their jobs. The unemployment rate tells us the share of the labor force who don't have jobs and are actively looking for one. Another indicator is the inflation rate.
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