00:01
So here we're given some information.
00:02
There are 360 million people living in the u .s., but covid happened, presumably one million died, leaving 289 million eligible workers.
00:11
That's the key number here, right? 289 million is the working age population, i presume, and this only counts 15 plus, right? so there are 359 million people left, and that difference between 359 and 289 is the 0 to 14 kid population, presumably.
00:30
Right um so 289 i'm assuming is the 15 plus population that's usually what the united states thinks of as eligible workers we know the unemployment rate is 170 million and seven million are actively seeking work and those are the unemployed remember because to be counted as unemployed you need to be actively seeking if you do not try to find work you are not unemployed i'm also going to assume um these people don't have a first job because otherwise we can't answer the question, right? but if you have a job and you're seeking a side hustle, you don't count as unemployed, right? you already have a job.
01:07
So the key thing here is that we just need to remember the definition of the unemployment rate, right? that's what's being asked for.
01:14
And the unemployment rate is defined as the number of people who are unemployed over the number of people who are in the labor force, where the labor force is the people who have a job and the people who want a job.
01:26
So it's the total number of people ready and willing to work.
01:29
Well, i know that the top is 7 million...