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" (if
not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population.
Person
Status
Kenji is a 74-year-old professor. He teaches only one or two courses a year, but still
publishes research at a productive rate.
Lucia is a 38-year-old steelworker who was just laid off by her employer
. She is trying to find any kind of job to help make ends
meet.
Paolo is a 47-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.
Amy is a 29-year-old who lost her job as an associate producer for a podcast. After
spending a few weeks out of work and interviewing for several other positions, she gave
up on her job search and decided to go back to grad school. She made that decision a few
months ago.
Van is a famous novelist. He is spending the summer at his lake house Wisconsin, doing a
little writing each day but mostly spending his time gardening and reading.
Sharon is a 12-year-old student at River Rock Middle School. She babysits her younger
cousin and does other chores, so her parents give her an allowance of $25 per week.
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?
33.33%
40%
50%
60%
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?
33.33%
40%
50%
60%
11.1 Questions from Chapter 29 (Unemployment)
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(if not in the civilian labor force but still part of the adult population), or "not in the adult populationif not in the civilian adult population.
Person
Status
Kenji is a 74-year-old professor. He teaches only one or two courses a year, but stil
publishes research at a productive rate.
Lucia is a 38-year-old steelworker who was just laid off by her employer She is trying to find any kind of job to help make ends
meet.
Paolo is a 47-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. Amy is a 29-year-old who lost her job as an associate producer for a podcast. After
spending a few weeks out of work and interviewing for several other positions, she gave
up on her job search and decided to go back to grad school.She made that decision a few
months ago.
Van is a famous novelist. He is spending the summer at his lake house Wisconsin, doing a
little writing each day but mostly spending his time gardening and reading. Sharon is a 12-year-old student at River Rock Middle School. She babysits her younger cousin and does other chores, so her parents give her an allowance of $25 per week.
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%
60%
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.
Unemployment Rate =
4
According to this formula, what is the unemployment rate of this economy of six people?
40% 50% 60%
