Question

Rick Alexander is a master builder who spent three decades running a successful home-restoration business in Connecticut. When his elderly parents fell ill in 2008, he gave up his business and moved to Florida to look after them. He thought it would be easy to find work-after all, he had a certified trade and more than 30 years' experience. He looked first for jobs as a supervisor at construction sites, but didn't find anything Lowering his sights, he next looked for work at wholesalers and lumberyards, and then he applied for any job at hardware stores. Still he experienced a constant stream of rejections. He tried to start his own business, but couldn't generate enough sales to make it profitable. Tired and frustrated, Rick Alexander gave up looking for work For each of the following situations, is Rick Alexander counted as employed, unemployed, or not in the labor force by the Bureau of Labor Statistics? a. Alexander is self-employed in his old job as a carpenter According to the Bureau of Labor Statistics. he is counted as Kiatosend b. Alexander moves to Florida and begins looking for work According to the Bureau of Labor Statistics, he is counted asick to seleciv According to the Bureau of Labor Statistics, he is counted as CTOsee According to the Bureau of Labor Statistics, he is counted as ec o According to the Bureau of Labor Statistics, he is counted as c. Alexander feels discouraged looking for work and stops anplying for jobs d Alexander starts looking for work again e. Alexander starts work at a new job (e employed unemployed not in the labor force

Answer 1

Answer:

a. Employed

(As he have a job)

b. Unemployed

(As he doesn't have a job but is looking for one)

c. not in labor force

(He neither have a job nor is looking for a job, so he is not a part of labor force)

d. Unemployed

(As he is looking fir a job)

e. Employed

(As he is working)