Rates Of Employment And Unemployment Falling Between 2011 And 2012

Question

Why did some countries fare better in the recent financial crisis? Can early warning indicators help predict which countries will be most vulnerable in an economic crisis such as the one that occurred in 2008-09?

From the data found in the Excel sheet attached, we want to focus on the following five countries:
·    Australia
·    China
·    Iceland
·    Japan
·    United States

Question:

Suppose that between January 2011 and January 2012 the total number of people employed and the unemployment rate both fell. Briefly explain how this is possible.

Summary

The question belongs to Economics and it discusses about how both the rates of employment and unemployment have fallen between 2011 and 2012. The possibility of this has been explored in the solution.

Total Word Count 309