In November 2015 the Purchasing Managers' Index for Canadian manufacturers was 48.6 which predicts a(n)________ in the number of persons it employed and a(n)________ in the total number of persons unemployed in the economy.
A)decrease; increase
B)decrease; decrease
C)increase; decrease
D)increase; increase

Question

Quizplus · Accepted Answer

A PMI score below 50 indicates a contraction in the manufacturing sector. This contraction suggests that manufacturers are likely to decrease their production and employment levels, leading to a decrease in the number of persons it employed and an increase in the total number of persons unemployed in the economy.

In November 2015 the Purchasing Managers' Index for Canadian Manufacturers