Rick lost his job as a logistics and distribution coordinator nearly three years ago. after a long and failed search, rick finally gives up and stops looking for a new job. rick's decision to suspend his job search causes the unemployment rate to ________ and the labor force participation rate to ________.
Rick's decision to suspend his job search causes the unemployment rate to decrease and the labor force participation rate to decrease.
In this situation the unemployment rate is decreasing because he stopped looking for a job. Only those actively seeking a job can be considered part of the unemployment rate because they have to want a job but can't find one. The labor force participation rate is also dropping because Rick is no longer employed.
