1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Edison, Hilary, Kevin, Maria, Simone, and Rajiv. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Edison is a 48-year-old autoworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. Hilary is a 33-year-old professional basketball player She finished her last season as a player 3 weeks ago and is currently interviewing for a coaching position. Kevin is a 79-year-old retired professor. He enjoys volunteering at the local public library. Simone is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago. Rajiv is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading. Maria is a 12-year-old student at West Valley Middle School. She babysits her younger sister and does other chores, so her parents give her an allowance of $25 per week. Status Employed Not in the adult population Not in the labor force Unemployed Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS.