Asked by Alejandra Quiroz on Jul 08, 2024
Verified
If the number of people employed rises by 180,000 and the number of people unemployed falls by 200,000 while the adult population stays the same, then the labor force participation rate rises.
Labor Force Participation
The percentage of the working-age population that is either employed or actively seeking employment.
Adult Population
The segment of the population that comprises individuals who are considered legally adults, typically used in statistics and economic studies.
- Analyze and contrast data on unemployment and participation rates in the labor force across various demographic categories.
Verified Answer
LC
LENORA COLLINJul 12, 2024
Final Answer :
False
Explanation :
The labor force participation rate is calculated as the labor force divided by the adult population. The labor force is the sum of employed and unemployed individuals. If the number of employed rises by 180,000 and the number of unemployed falls by 200,000, the net change in the labor force is a decrease of 20,000. Since the adult population stays the same, a decrease in the labor force would lead to a decrease, or at best no change, in the labor force participation rate, not an increase.
Learning Objectives
- Analyze and contrast data on unemployment and participation rates in the labor force across various demographic categories.