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tony has just graduated from college and has now applied for a full time position where he is currently working part-time. this caused the unemployment rate to _______ and the labor-force participation rate to _____

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Answer: 1. remain same

2. increase

Explanation: The percentage of total labor force that is not employed in the current period is called the unemployment rate of that period.

The rate of individuals in an economy who are considered to be actively employed or looking for employment is called labor force participation rate.

.

In the given case Tony was already working part time, thus, he will not contribute to unemployment rate but as now he is looking for a full time job he will contribute in labor participation rate.

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