Person Status Manuel is a 41-year-old autoworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. Poornima is a 23-year-old recent college graduate . She did not work for pay last week, but she had two job interviews.
Shen is a 29-year-old retired professor. He enjoys volunteering at the local public library.
Caroline is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago
Antonio is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading.
Valerie is a 11-year-old student at West Valley Middle School. She baby-sits her younger sister and does other chores for which her parents give her an allowance of $20 per week.
Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS. Labor Force Participation Rate =
According to this formula, what is the labor force participation rate of this economy of six people?
a. 33.33%
b. 40%
c. 50%
d. 60%
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS. Unemployment Rate =
According to this formula, what is the unemployment rate of this economy of six people?
a. 33.33%
b. 50%
c. 40%
d. 60%