Question

In: Economics

Topic: Labor Force Participation Question/Prompt: “Because of the decreasing labor force participation rate of youths and...

Topic: Labor Force Participation Question/Prompt: “Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline. The participation rates of older workers are projected to increase, but remain significantly lower than those of the prime age group. A combination of a slower growth of the civilian noninstitutional population and falling participation rates will lower labor force growth to a projected 0.5 percent annually.” (Labor Force Projections, 2013) In your thread, complete the following: Discuss economic theory related to the quote above. Be sure to include a definition of Labor Force Participation Rate (LFPR) within your discussion. Locate and incorporate outside research that gives evidence and explanation as to the possible causes of this decline. Provide an example of the changes in labor force participation rates over the last decade.

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

what is the labor participation rate? Discuss if the participation rate has been increasing or decreasing...
what is the labor participation rate? Discuss if the participation rate has been increasing or decreasing during the past year.
31. The unemployment rate and the labor force participation are two labor statistics that are used...
31. The unemployment rate and the labor force participation are two labor statistics that are used to analyze the economy. In each of the scenarios below, state the impact that the event will have of both the labor force participation rate and the unemployment rate. Explain your answers using the formulas to calculate labor force participation and the unemployment rate that were discussed in this unit. a. A car manufacturing company goes bankrupt and is forced to lay off all...
Define the following and write each formula: a) Labor force participation rate b) Labor Force c)...
Define the following and write each formula: a) Labor force participation rate b) Labor Force c) Unemployment Rate
The natural rate of unemployment in Thailand is about 1% and the labor force participation rate...
The natural rate of unemployment in Thailand is about 1% and the labor force participation rate is about 68%. Interpret these values. What does it mean for the Thailand’s economy and population? Why is the U-rate so low?
The natural rate of unemployment in Thailand is about 1% and the labor force participation rate...
The natural rate of unemployment in Thailand is about 1% and the labor force participation rate is about 68%. Interpret these values. What does it mean for the Thailand’s economy and population? Why is the U-rate so low?
The labor force participation rate is calculated as: Select one: a. the percent of the population...
The labor force participation rate is calculated as: Select one: a. the percent of the population age 16 or older that is in the labor force. b. the percent of the entire population that is unemployed. c. the percent of the labor force age 16 or older that is employed. d. the percent of the population age 16 or older that is unemployed. Which of following is true about socialism? Select one: a. all of the above. b. prices are...
2. The USA's natural rate of unemployment is about 1%, and the labor force participation rate...
2. The USA's natural rate of unemployment is about 1%, and the labor force participation rate is about 60%. Interpret these values. What does it mean for the US economy and population? Why is the Unemployment rate so low? Please, explain clearly and show how to calculate. Thank you.
a) If population 16 or older = 208 million and labor force participation rate (LFPR) =...
a) If population 16 or older = 208 million and labor force participation rate (LFPR) = 65%, what is the size of the labor force?             0.65*208,000,000 = 135,200,000 b) In a given year, there are 10 million unemployed workers and 120 employed workers the country of Landia. Calculate the unemployment rate in Landia. 120/10,000,000 = 0.0012% 1-0.0012 = 0.9988 0.9988*100 = 99.88 Unemployment rate = 99.88% Show all your calculations for full credit. Use either a shift in demand of...
Given the increase in female participation rate, is the decreasing male participation rate less concerning? In...
Given the increase in female participation rate, is the decreasing male participation rate less concerning? In class last week, we examined the female labor force participation rate which has almost doubled since the 1960s. We briefly discussed the strange period in the early 80s, in which the young women participation rate stopped growing while the prime age women rate continued growing. This is likely due to college enrollment growth. We also discussed the role of marital status. Single women have...
Unemployment, employment and the labor force participation rate have been in the news lately. Analyze these...
Unemployment, employment and the labor force participation rate have been in the news lately. Analyze these three statistics since 2000. What are the trends? Explain. What does each statistic tell you that the other statistics do not tell you? Unemployment has multiple measures – which one is best and why? Make sure you use at least one graph in your answer. Answer with explanation and detail.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT