Determine the impact on each of the following, if 2 million formerly unemployed workers decide to return to school full time and stop looking for work:
a. The labor force participation rate.
b. The size of the labor force.
c. The unemployment rate.
(a)The labor force participation rate is defined as the proportion of the population working or looking for work. ...
The solution determines the impact of the labor force participation rate, the size of the labor force, and the unemployment rate.