Question

The following is a report from a not-very-efficient BLS survey taker: "There were 105 people in the houses I visited. 26 of them were children under the age of 16, 25 people had full-time jobs, and 13 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 12 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. Eight of these people had not looked actively for work for three months, however." Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.

Answer 1

Answer:

1. The labor force = 65 (68 - 3)

2. The working age population = 79 (105 - 26)

3. The number of employed workers = 38 (25 + 13)

4. The number of unemployed workers = 3 (11 - 8)

Explanation:

a) Data and Calculations:

Population in houses visited = 105

Number of children =                 26

Number of adults =                    79 (105 - 26)

Workers with:

Full-time jobs = 25

Part-time jobs = 13        38

Number of retirees =    10

Full-time homemakers   5

Full-time students, +16  12    65

Disabled people =          3  = 68

Unemployed = 11 (79 - 68)