Question #170

Australia's October Labour Force Survey data shows that employment increased by 24,500 thousand persons in the last month by total hours worked in that month fell by about 1.7 per cent. Given GDP growth is now growing again, this means that labour productivity growth (GDP per worker) must have jumped up as well in the last month because less working hours are being required to produce more output.

Answer #1261

Answer: False

Explanation

Please read Employment falls better put interest rates up again for further information or post a question on the comments page for clarification.