The following is a report from a BLS survey taker: There were 95 people in the houses I visited 22 of them were children under the age of 16, 25 people had full-time jobs, and 11 had port-time jobs. There were 10 retirees, 5 full-time homemakers, 10 full-time students over age 16, and 3 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would ike one Six of these people had not looked actively for work for three months, however Find the labor force, the unempioyment rate, and the participation rate implied by the survey taker's report Labor force 39 people Instructions: Enter your responses rounded to two decimal places Unemployment rate: 7.69 Participation rate: 61.90
The following is a report from a BLS survey taker: There were 95 people in the houses I visited 22 of them were children under the age of 16, 25 people had full-time jobs, and 11 had port-time jobs. There were 10 retirees, 5 full-time homemakers, 10 full-time students over age 16, and 3 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would ike one Six of these people had not looked actively for work for three months, however Find the labor force, the unempioyment rate, and the participation rate implied by the survey taker's report Labor force 39 people Instructions: Enter your responses rounded to two decimal places Unemployment rate: 7.69 Participation rate: 61.90
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter18: Income Distribution And Poverty
Section: Chapter Questions
Problem 4QFR
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Transcribed Image Text:The following is a report from a BLS survey taker:
There were 95 people in the houses I visited 22 of them were children under the age of 16, 25 people had full-time jobs, and 11 had
port-time jobs. There were 10 retirees, 5 full-time homemakers, 10 full-time students over age 16, and 3 people who were disabled and
cannot work. The remaining people did not have jobs, but all said they would like one Six of these people had not looked actively for
work for three months, however.
Find the labor force, the unempioyment rate, and the participation rate implied by the survey taker's report
Labor force.
39
people
Instructions: Enter your responses rounded to two decimal places
Unemployment rate.
7.69
Participation rate:
61 90
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