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ECO 205 Week 5 CheckPointLabor Market Scenario

  1. CheckPoint: Labor Market Scenario

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· Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and may be used for your scenario: transportation, insurance, technology, and health care industries. You can either make up a scenario or use real data and information.

· Post a 200- to 300–wordresponse that focuses on the following:

o What is the area of employment?

o Why has this shift occurred?

o In what direction would the shift in labor supply and demand go?

o What would be its effect on the equilibrium of the labor market?

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