Question

Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as Employed, Unemployed, "Not in the labor force" but still part of the civilian noninstitutional population, or "Not in the civilian noninstitutional population" if not in the civilian noninstitutional population.

Person

Kevin is a 49 -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.

Maria is a 27 -year-old recent college graduate

. She did not work for pay last week, but she had two job interviews.

Rajiv is a 77 -year-old retired professor. He enjoys volunteering at the local public library.

Ana is a 31 -year-old science teacher who taught at West Valley Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor.

Yakov is a 20 -year-old American studies major at the University of Tennessee. It's summer now, and he is working as a lifeguard in Mobile, Alabama.

Simone is a 24 -year-old who is currently serving in the army. Her father has promised her a job in the family business when she leaves the army.

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?

40 %

50 %

80 %

100 %

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?

40 %

50 %

80 %

100 %

Answer 1

Kevin..... - employed

Maria......- unemployed

Rajiv....- not in labor force

Ana......- unemployed

Yakov.....- employed

Simone- not in the civilian noninstitutional population

Labor force participation rate=

labor force*100/civilian non institutional population

Labor force participation rate= 4*100/5= 80%

Unemployment rate= unemployed*100/labor force

Unemployment rate= 2*100/4= 50%