Question

Person Edison is a 44-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. Hilary is a 36-year-old autoworker who was just laid off by her employer . She is trying to find any kind of job to help make ends meet. Kevin is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago. Simone is a 26-year-old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work and interviewing for other editing jobs. She is thinking about going back to grad school if her job search doesn't succeed after a few more weeks. Rajiv is a 17-year-old who just graduated from high school. He is taking it easy this summer, relaxing by the pool with his friends and family, and volunteering part-time at the local nursing home. Maria is a 13-year-old student at West Valley Middle School. She babysits her younger sister and does other chores, so her parents give her an allowance of $25 per week.

Answer 1

Edison- employed

Hilary- unemployed

Kevin- not in the labor force

Simone- unemployed

Rajiv- not in the labor force

Maria- not in the adult population

Labor force participation rate = labor force *100 / adult population

= 3*100/5= 60%

Unemployment rate = number of unemployed *100 / labor force

= 2*100/3= 66.67%