During the great recession that began in January 2008, average weekly claims for unemployment were 420,000. The normal weekly av
2 answers:
Average weekly claims for unemployment were 420,000.
The normal weekly average during full employment is 122,000.
To find how many more people we subtract normal weekly average during full employment from average weekly for unemployment
Number of people = 420,000 - 122,000 = 298,000
This is the number of people in a week. Hence, in order to find the number of people in the January month, we have to divide this number by 7 and then multiply by 31.
Because when we divide it by 7, it will give the number of people in 1 day and when multiplied by 31, it will give the number of people in the January month.
Thus, number of more people were filing for unemployment in January 2008 is given by
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