Anonymous
Anonymous asked in Social ScienceEconomics · 8 months ago

I was looking really hard for a job but I decided to stop for reasons, did the lfpr change when I stopped looking? or did the unemployment?

2 Answers

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  • 8 months ago

    If you were looking for a job (but didn't have one), and stopped looking.... The LFPR would go down, as would the unemployment rate, because you have dropped out of the labor force. 

    (If you want to get technical, after 4 weeks of not looking you would drop from U3 to U6, and be considered "marginally attached to the labor force". After 1 year of not looking, you would drop off entirely). 

  • Oiy
    Lv 6
    8 months ago

    the unemployment. It means also you stop accepting the unemployment benefit.

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