Question

Calculate the size of the labor force. The size of the adult population is 30,000. The number working is 17,700 and the number of unemployed actively looking for work is 1,600.

Answer 1

Answer:

The size of the labor force is 19300.

Explanation:

Given that,

Adult population = 30000

Number of  employed = 17700

Number of unemployed = 1600

Suppose, The labor force is comprised of those who are working for any number of hours (the employed) and those who are out of work but actively looking for a job the unemployed)

We need to calculate the size of the labor force

The labor force is comprised of number of employed person and number of unemployed person.

That means,

Labor Force = Employed + Unemployed

$F_{l}=17700+1600$

$F_{l}=19300$

Hence, The size of the labor force is 19300.

Answer 2

Answer:

Labor force = 19,300

Explanation:

Given that

Adult population = 30,000

Number of employed labor= 17,700

Number of unemployed labor= 1,600

The labor force is given as

Labor force =  Number of employed + Number of unemployed labor

Now by putting the values in the above equation we get

Labor force = 17,700 + 1,600

Labor force = 19,300

Therefore the labor force will be 19,300.