Economists use labor-market data to evaluate how well an economy is using its most valuable resource$-$its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

After an unsuccessful search, some of the laid-off workers quit looking for new jobs.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource$-$its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

Advances in healthcare prolong the life of many retirees.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Explain what happens to statistic in the following scenario. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

A stock market boom induces newly enriched 60-year-old workers to take early retirement.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Explain what happens to statistic in the following scenario. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

After an unsuccessful search, some of the laid-off workers quit looking for new jobs.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource$-$its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

Numerous students graduate from college but cannot find work.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource$-$its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

A stock market boom induces newly enriched $60$-year-old workers to take early retirement.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Explain what happens to statistic in the following scenario. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

Advances in healthcare prolong the life of many retirees.

Between January $2012$ and January $2019$, U.S. employment increased by $17.3$ million workers, but the number of unemployed workers declined by only $6.3$ million. How are these numbers consistent with each other? Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed?

Explain whether events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.

After a long search, Jon finds a job.

Between January $2012$ and January $2019$, U.S. employment increased by $17.3$ million workers, but the number of unemployed workers declined by only $6.3$ million. How are these numbers consistent with each other? Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed ?

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.

Daenerys quits her job to become a stay-at-home mom.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Explain what happens to statistic in the following scenario. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

Numerous students graduate from college and immediately begin new jobs.

Economists use labor-market data to evaluate how well an economy is using its most valuable resource-its people. Two closely watched statistics are the unemployment rate and the employmentpopulation ratio (calculated as the percentage of the adult population that is employed). Explain what happens to statistic in the following scenario. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing?

Numerous students graduate from college but cannot find work.

Explain whether events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.

Daenerys quits her job to become a stay-at-home mom.