Based on dynamics of past economic recoveries in the US, predict what is likely to happen...

Based on dynamics of past economic recoveries in the US, predict what is likely to happen to the US LFPR

and Unemployment Rate (U-3) right after the COVID recession is over? Please explain your reasoning. Your answer to this question should be under 100 words (5 lines of typed text).

Solutions

Expert Solution

As in march the unemployement has drastically increased because of covid 19 as more and more businesses were shut down because of covid , the lfpr decreased but if we predict the future , one day the covid will come to end and more and more new businesses will try to join the market which in turn will require more labour but mostly businesses will try to run on technologies now because of the uncertainty and effects of covid , the lfpr will increase but not rapidly slowly it will increase . Unemployment rate will fall down as we expect the govt to come up with policies to help and employ people.

Rahul Sunny answered 1 year ago

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