What impact would each of the following have on the full emp

What impact would each of the following have on the full employment unemployment rate? The entry of a large number of young workers into the labor force due to the baby boom echo (the children of baby boomers). a. nt decline in tourism-oriented jobs caused by a fear of traveling due to terrorist threats. e. A decline in tourism-oriented jobs at hotels, restaurants, and theme parks due to recession. Social Security reform provides senior citizens with an incentive to re-enter the labor force. d.

Solution

The unemployment rate will increase in all the four cases

a) The unemploymet rate will increase as there will be increase as the number of unemployed people will increase.

b) This will increase the unemployment as there will be a decrease in the tourism and decrease of labor demand in this sector. Thus the pool of unemployed persons will increase.

c) This will increase the size of th pool of unemployed workers therefore nemployment will increase.

d) This will increase the total labor supply and the unemployed in the economy thus raising the unemployment level.