Question:

What factors make it difficult to determine the unemployment rate?

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What factors make it difficult to determine the unemployment rate?

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  1. In order to show up in the unemployment statistics, people need to report that they are looking for work. The reported unemployment rate can therefore drop for two reasons: either because people find jobs or because they stop reporting that they are looking for work (maybe because they are frustrated). The true unemployment rate is therefore difficult to observe.

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