More than 15 million jobs were vacant in March but employees fearful of returning to work didnt
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More than 15 million jobs were vacant in March but employees fearful of returning to work didn’t rush to fill them. Now with many vaccinated, employers claim that generous unemployment benefits and stimulus payments are keeping workers at home.
a. Using the information in the news clip, how do you predict the labor force participation rate, employment-to-population ratio, and unemployment rate changed?
b. If the government slashed unemployment benefits, how would the numbers in the news clip change? Why?
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a To the extent workers rejoin the labor force the labor force participation rises Even though the...View the full answer
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