In June 2009 the BLS announced that of all adults 140,196,000 were employed 14,729,000 or unemployed and 80,729,000 or not in the workforce a. calculate the size of the adult population b. calculate the size of the labor force C. calculate the labor force participation rate d. calculator the unemployment rate

In June 2009 the BLS announced that of all adults 140,196,000 were employed 14,729,000 or unemployed and 80,729,000 or not in the workforce a. calculate the size of the adult population b. calculate the size of the labor force C. calculate the labor force participation rate d. calculator the unemployment rate

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...

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A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?
What criteria do the BLS use to count someone as employed? As unemployed?
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.