Show the effect of each of the following events (using a properly labeled supply/demand diagram) on the market for labor in the computer manufacturing industry. A.    Congress buys personal computers for all U.S. college students.   B.    More college students major in engineering and computer science. C.    Computer firms build new manufacturing plants and a new study shows declining job satisfaction in the computer manufacturing industry.

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Labor Force Participation Rate analysis

The labor force participation rate analysis calculates the percentage of the working-age population either employed or actively seeking work. It can be anyone in the age category of 16 to 64, on the condition that they are not institutionalized. A high labor force participation rate shows that more people are employed and contributing their wages to the economy, making it a healthy economy. It also shows that there are more people actively looking for employment leading to more hiring options for employers. On the other hand, a low labor force participation rate shows a low number of people employed or looking for work. This leads to an economic setback with fewer wages going into the economy. In such a scenario, employers might have to cut back on profits, lay off employees, or stop the process of hiring.