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Consider a small economy composed of six people: Andrew, Beth,
Darnell, Eleanor, Kyoko, and Jacques. Each person’s employment
status is described in the following table.

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 :
(employed , Unemployed , not in the labor force , not in the adult
population)
Andrew is a 22-year-old
professional tennis player. When he’s not competing, he works as a
coach at a local tennis club. _____________
Beth is a 42-year-old autoworker
who was just laid off by her employer. She is trying to find any
kind of job to help make ends meet. _____________
Darnell is a 37-year-old graphic
designer who is taking 2 years off from work to care for his small
daughter. __________________
Kyoko is a 31-year-old science
teacher who taught at West Valley Middle School last year. Due to
budget cuts, she was laid off at the end of the school year. It’s
the summer now, and after a few weeks of vacation with her family,
she is looking for a part-time job as a teacher.
____________________
Jacques is a 20-year-old American
Studies major at the University of Tennessee. It’s summer now, and
he is working as a lifeguard in Mobile, Alabama.
__________________
Eleanor is a 13-year-old student at
East Valley Middle School. She babysits her younger brother and
does other chores, so her parents give her an allowance of $30 per
week. ________________

Complete the right half of the following equation to reflect the
labor force participation rate reported by the BLS.

Question: Consider a small economy composed of six people: Andrew, Beth,Darnell, Eleanor, Kyoko, and Jacqu... Question: Consider a small economy composed of six people: Andrew, Beth,Darnell, Eleanor, Kyoko, and Jacqu... ______________________

1. (100* number in labor force/adult population) , 2. (100*
number in labor force/ no of employed workers) , 3. (100* number of
unemployed workers/labor force) , 4. (100*number of employed
workers/adult population)

According to this formula, what is the labor force participation
rate of this economy of six people?

40%

50%

80%

100%

Complete the right half of the following equation to reflect the
unemployment rate reported by the BLS.

Question: Consider a small economy composed of six people: Andrew, Beth,Darnell, Eleanor, Kyoko, and Jacqu... Question: Consider a small economy composed of six people: Andrew, Beth,Darnell, Eleanor, Kyoko, and Jacqu... ___________________________

(100* number in labor force/ adult population) , 2. (100*number
of unemployed workers/labor force) , 3. (100*number of employed
workers/adult population) , 4. (100*number in labor force/no of
employed workers)

According to this formula, what is the unemployment rate of this
economy of six people?

40%

50%

80%

100%

Show transcribed image text Labor Force Participation Rate

Labor Force Participation Rate