Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios...
Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios.
Scenario
Effect On...
Unemployment Rate
Labor-Force Participation Rate
Raphael, a full-time college student, graduates and is immediately employed. Susan quits her job to become a stay-at-home mom. Alex has a birthday, becomes an adult, and starts working in a restaurant. Clancy, a construction worker, dies in an accident at work.
Homework Answers
Raphael, a full-time college student, graduates and is immediately employed. - UR decreases and LFPR increases
Susan quits her job to become a stay-at-home mom. - UR increases and LFPR decreases
Alex has a birthday, becomes an adult, and starts working in a restaurant. - UR decreases and LFPR increases
Clancy, a construction worker, dies in an accident at work. - UR increases and LFPR decreases
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Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios...
10. Measuring employment, unemployment, and tabor force participation
10. Measuring employment, unemployment, and tabor force participationConsider a small economy composed of six people: Raphael, Susan, Alex, Becky, Eileen, and Clancy. Each person's employment status is described in the following table.Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the tabor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian...
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5. Find the labor force participation rate and unemployment rate given the following information about an...
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Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS.
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1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people:...
1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Van, Amy, Carlos, Deborah, Janet, and Felix. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in...
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