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tapasgupta
GMAT 1: 550 Q44 V23
Posts: 115
20 Aug 2019, 19:46
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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Question Stats:
67% (01:33) correct
33%
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wrong
based on 568
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The unemployment rate for July dropped to 6.8 percent from June's rate of 7 percent. While admitting that it might be a monthly fluctuation, the administration stressed that it was still a positive sign that fewer people are out of work this month.
Which of the following, if true, would provide the most support for the administration's optimism regarding the unemployment rate for July?
(A) The number of construction jobs rose by more than 10,000, indicating a minor boom in real estate.
(B) The unemployment rate normally rises in July, when many high school and college graduates begin looking for work.
(C) Economists agree that the number of people employed is a more accurate indicator of economic growth than is the number of people unemployed.
(D) For the past several months, the number of people out of work has been consistently above eight million.
(E) In some states, the unemployment rate for July was over nine percent.
Which of the following, if true, would provide the most support for the administration's optimism regarding the unemployment rate for July?
(A) The number of construction jobs rose by more than 10,000, indicating a minor boom in real estate.
(B) The unemployment rate normally rises in July, when many high school and college graduates begin looking for work.
(C) Economists agree that the number of people employed is a more accurate indicator of economic growth than is the number of people unemployed.
(D) For the past several months, the number of people out of work has been consistently above eight million.
(E) In some states, the unemployment rate for July was over nine percent.
20 Aug 2019, 22:36
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tapasgupta
The unemployment rate is reduced by 0.2% July. Although this is very small....how can this be positive sign.....
It can be positive if worst was expected but didn't happen.
A - irrelevant
B - unemployment rate generally rises in July, but in this case it has reduced by 0.2%. This can be a good news.
C - irrelevant to the given premise
D - not relevant
E - How does it matter if in any other state unemployment rate was over nine percent....Where is that state...No comparison figure mentioned. So this also becomes irrelevant.
21 Aug 2019, 04:29
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tapasgupta
Prethinking -> % Unemployment down, therefore # unemployed also down.
(A) The number of construction jobs rose by more than 10,000, indicating a minor boom in real estate.
Out of scope
What if another industry saw a dip of 20,000, leading to many people leaving the area, which artificially boosted our figure to appear better than it is? Although this could be a strengthener, it's not our best option. Definitely a runner-up in my opinion.
(B) The unemployment rate normally rises in July, when many high school and college graduates begin looking for work.
Looks good. If we usually expect a dip in employment in July, but for some reason we find that the opposite actually took place, then this could definitely be a good sign, something we should be optimistic about.
(C) Economists agree that the number of people employed is a more accurate indicator of economic growth than is the number of people unemployed.
Out of scope. Don't care what economist agree on.
(D) For the past several months, the number of people out of work has been consistently above eight million.
Out of scope. Even if it's >8million, we have nothing to compare this to so that we can put things in perspective.
(E) In some states, the unemployment rate for July was over nine percent.
Out of scope.
We have no info as to whether we are discussing state-by-state numbers, country numbers, and even if we were, so what? How does this strengthen the argument in any way?
