Question

The BLS reported that in February 2024, the labor force was 167.4 million, employment was 161.0 million, and the working-age population was 267.7 million. The BLS also reported that 16.6 percent of all employment in February 2024 was part-time and that 4.4 million people worked part-time for economic reasons. How many people worked part-time for noneconomic reasons?

Name: the bls reported that in february 2024 the labor force was 1674 million employment was 1610 million and the working age population was 2677 million the bls also reported that 166 percent of 46438
Uploaded: 2023-03-21T20:13:45-08:00
Duration: 2 min 29 s
Channel: Andrew Davis
Description: the bls reported that in february 2024 the labor force was 1674 million employment was 1610 million and the working age population was 2677 million the bls also reported that 166 percent of 46438

          The BLS reported that in February 2024, the labor force was 167.4 million, employment was 161.0 million, and the working-age population was 267.7 million.
The BLS also reported that 16.6 percent of all employment in February 2024 was part-time and that 4.4 million people worked part-time for economic reasons.
How many people worked part-time for noneconomic reasons?

Added by James P.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Andrew Davis

03/21/2023

Step 1

Given that 16.6% of all employment was part-time and there were 161.0 million people employed, we can calculate the number of people who worked part-time: Number of people who worked part-time = 16.6% of 161.0 million Number of people who worked part-time = 0.166 Show more…

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The BLS reported that in February 2024, the labor force was 167.4 million, employment was 161.0 million, and the working-age population was 267.7 million. The BLS also reported that 16.6 percent of all employment in February 2024 was part-time and that 4.4 million people worked part-time for economic reasons. How many people worked part-time for noneconomic reasons?