Analyze the labor market before, during, and after the financial crisis

Anonymous
timer Asked: Apr 24th, 2017

Question description

I have an assignment and the answer but I need someone does paraphrasing for the answer

The assignment is:

For this assignment, you will analyze the labor market before, during, and after the financial crisis.

You will analyze the 2006‐2016 period; these are the years that have the same unemployment rates at both end‐points (4.7% in both January 2006 and December 2016)

‐ Go to BLS.gov and look for:

1) the Unemployment Rate;

2) Labor Force Participation Rate, and

3) hours of work

(search: total private average weekly hours of all employees).

The purpose of this box is to document and explain these three indicators during the Great Recession.

The participation rate and hours correspond to the extensive and intensive margins, respectively. The“extensive margin” refers to whether to work or not, and the “intensive margin” refers to how many hours ‐‐‐once one has decided to work.

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