Suppose the adult population over the age of 16 for a country is 237.8 million.
The labor force is 153.9 million and 139.1 million are employed.
1. What is the unemployment rate?
Determine if the individuals below are unemployed, employed, or out of the labor
force.
2. A person who has lost their job and has given up looking for one.
3. A person who has retired from working.
4. A college student who is working to pay for their tuition.
5. A person with a master's degree working as a cashier at a retail store.
6. A high school graduate who is looking for a minimum wage job.
Determine if the individuals below are structurally, frictionally, or cyclically
unemployed.
7. Cashiers who have lost their job due to the implementation of self-
checkout kiosks implemented throughout society.
8. Construction workers who have been temporarily laid off because of a
recession.
9. A high school student who is looking for a minimum wage job.