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The question: Sweeping changes to the U.S. society have profoundly changed the way individuals make decisions...

The question: Sweeping changes to the U.S. society have profoundly changed the way individuals make decisions about whether or not to participate in labor market. What is the labor force participation rate? Explain how changes to society have affected this rate over time.

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The labor force participation rates in the United States averaged 63% which tells us that that around 63% of the eligible people take an active participant in the labor and this tells us the scenario of the unemployment in the country that prevailed over time or from Time to time and gives an actual measure of inflation as well in the short run as unemployment and labor force participation rates are directly related. The societal changes like minimum wage policies, consultancies abroad got to reduce the rate while increase in investment and companies got to increase the rate on the whole.

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