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6. Analyze the changes in Labor Participation Rate (LPR) from 1948 to now. Identify the high and low points in the data. What contributed to
6. Analyze the changes in Labor Participation Rate (LPR) from 1948 to now. Identify the high and low points in the data. What contributed to a rising LPR initially? What determinates are causing LPR to trend lower? What might these trends indicate about future economic growth opportunities? Please cite your sources of information (6 pts): a. High point LPR (1 pt) b. Low point LPR (1 pt) c. What contributed to rising LPR initially (1 pt) d. What contributed to declining LPR (1 pt) e. Discussion that recent LPR trends imply about future economic growth and cite sources (2 pt) 7. A common concern I hear from some segments of our society is that we should strongly discourage new immigrants coming to the U.S. because these new people don't want to work-they simply want to draw unemployment or welfare benefits. Supporting your answer with unemployment and/or labor force participation data are the concerns of these citizens valid? Why or why not? (6 pts)
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