Here is a report from a BLS survey taker: “There were 65 people in the houses I visited, 10 of them children under 16 and 10 retired; 25 people had fulltime jobs, and 5 had part-time jobs. There were 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 3 months, however.”
Find the labor force, the unemployment rate, and the participation rate implied by the survey taker’s report. (LO4)