Question

The following is a report from a not-very-efficient BLS survey taker: "There were 65 people in the houses I visited. 10 of them were children under the age of 16, 25 people had full-time jobs, and 5 had part-time jobs. There were 10 retirees, 5 full-time homemakers, 5 full-time students over age 16, and 2 people who were disabled and cannot work. The remaining people did not have jobs, but all said they would like one. One 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

The labor force is 53 people, the working-age population is 55 people, the number of employed workers is 52 people, and the number of unemployed workers is 1 person.

Step-by-step explanation:

The labor force is the sum of the employed and the unemployed. In this case, the labor force is calculated as 25 (full-time jobs) + 5 (part-time jobs) + 10 (retirees) + 5 (full-time homemakers) + 5 (full-time students) + 2 (disabled) + 1 (unemployed who hasn't actively looked for work) = 53 people.

The working-age population is the total number of people who are at least 16 years old. Based on the information given, the working-age population is 65 (total) - 10 (children under 16) = 55 people.

The number of employed workers is 25 (full-time jobs) + 5 (part-time jobs) + 10 (retirees) + 5 (full-time homemakers) + 5 (full-time students) + 2 (disabled) = 52 people.

The number of unemployed workers is the difference between the labor force and the number of employed workers. Therefore, the number of unemployed workers is 53 (labor force) - 52 (employed workers) = 1 person.

Answer 2

The labor force is 32.

The working age population is 55.

The number of employed people is 30.

The number of unemployed people is 2.

Step-by-step explanation:

The total population is 65.

The number of full time workers is 25.

The number of part time workers is 5.

The number of discouraged workers is 1.

The working age population is

= Total population - children below 16

= 65 - 10

= 55

The number of employed people is

= Full-time workers + Part-time workers

= 25 + 5

= 30

The number of unemployed people

= 65 - (25+5+1+10+10+5+5+2)

= 2

The labor force is

= Unemployed + employed

= 30 + 2

= 32