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Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios. Effect On... Scenario Unemployment Rate Labor-Force Participation Rate Kenji, a
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16 votes
16 votes
Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios.

Effect On...
Scenario Unemployment Rate Labor-Force Participation Rate
Kenji, a full-time college student, graduates and is immediately employed.
Lucia quits her job to become a stay-at-home mom.
Paolo has a birthday, becomes an adult, and starts looking for a job.
Sharon dies working long hours at the office.

User Hzoo
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18 votes
18 votes

Answer and Explanation:

The effects are as follows:

a. For kenji

The rate of unemployment would be decreased and the rate of Labor-Force Participation would be increased as the person is employed now

b. For Lucia

The rate of unemployment would be increased and therate of Labor-Force Participation would be decreased as the person is no more employed

c. For Paolo

The rate of unemployment would be increased and therate of Labor-Force Participation would also be increased

d. For sharon

The rate of unemployment would be increased and the rate of Labor-Force Participation would be decreased as the person is no more employed

User Soulseekah
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