Discussing job openings during the recession, Cheryl Peterson, a director of the American Nurses Association, was quoted as saying: “Until the downturn, it was easy for [nurses] to find employment. Now it is a little more difficult because the number of job openings has fallen and we have more retired nurses. coming back.”
a. Why might retired nurses reenter the job market during a recession?
b. Use a graph to explain what is happening in the labor market.