Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What can we say about the health of the labor market given the changes in the labor force participation rate and the employment-population ratio between

What can we say about the health of the labor market given the changes in the "labor force participation rate" and the "employment-population ratio" between June 2009 and June 2010? Group of answer choices The labor market was very healthy due to both of those measurements increasing. The labor market was very strong and job prospects were very good for workers. This is one of the reasons why the labor force participation rate dropped by 1.0 percentage point and the employment-population ratio dropped by 0.9 percentage points between June 2009 and June 2010. None of the available answers The labor market was very weak and job prospects were difficult for workers. This is one of the reasons why the labor force participation rate dropped by 1.0 percentage point and the employment-population ratio dropped by 0.9 percentage points between June 2009 and June 2010. Normally we would expect both of these measurements to increase during healthy labor markets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How The Old World Ended The Anglo-Dutch-American Revolution 1500-1800

Authors: Jonathan Scott

1st Edition

0300249365, 9780300249361

More Books

Students also viewed these Economics questions

Question

2. It is the results achieved that are important.

Answered: 1 week ago