Unemployment is considered as one of the most important macroeconomic variable. Like other macroeconomic variable, unemployment rate has its own merits and demerits. You are supposed to analyze and discuss whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.

a)Sadiq finds a job after a long time. (0.5 Marks)

b)Latif, student of IU, graduates and immediately finds a job. (0.5 Marks)

c)Shahid, after an unsuccessful job search, gives up looking for work and retires. (0.5 Marks)

d)Saira quits her job to become stay-at-home mom. (0.5 Marks)

e)Khalid is celebrating his 15^th birthday but has no interest in working. (0.5 Marks)

f)Maryam is celebrating her 15^th birthday and starts looking for a job. (0.5 Marks)