An economist made the following statement. Is the economist correct? Explain.
"Even if jobs growth is not negative, a lack of positive jobs growth is a bad indicator for the United States economy."
(1 point)
The economist is incorrect. Changes in jobs growth is usually disconnected O from the overall health of the United States economy and is only used as a good indicator of future unemployment.
The economist is correct. Almost every period with no positive jobs growth has been followed by a recession or a depression.
The economist is correct. Since more people are entering the workforce than O are leaving it, a lack of jobs growth could result in a higher level of unemployment, even if the growth is not negative.
The economist is incorrect. A lack of jobs growth is often a result of Otechnological innovation, which is good for the economy and is typically followed by an increase in gross domestic product.