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1. You worked 40 hours last week as a sales manager for the Western Beverage Company. What is this person's status? Unemployed / Employed /
1. You worked 40 hours last week as a sales manager for the Western Beverage Company. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 2. You lost your job when the local plant of the Chariot Aircraft Manufacturing Company was closed down. Since then, every week you have been visiting personnel offices of other businesses in town trying to find a job. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 3. You have been thinking about looking for work in the previous 4 weeks but have not made any specific efforts to find a job. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 4. You are a senior attending Jefferson High School. You work after school at the North Star Caf. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 5. You were laid off from your job last week and have been desperately searching for a new one ever since. Every day you either go on an interview or drop off an application. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 6. You are a full-time college student and do not have time to work because you are dedicated to your studies and want to remain on track to graduate in four years. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 7. You are excited about going to college but because your financial aid wasn't as much as you anticipated, you've been trying to search for job opportunities on campus for the last few days. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 8. You have been working at a local fast food restaurant since winter break every day after school and on weekends. Recently, the manager reduced your hours and now you only work full shifts on weekends. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 9. You are on leave from the Marines and visiting your family for the holidays? What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = 10. You are a young entrepreneur that sells homemade jewelry to friends and fellow classmates at your middle school. What is this person's status? Unemployed / Employed / Not in the Labor Force Your answer = What is the reason for your status answer? Your answer = CALCULATE THE UNEMPLOYMENT RATE There are 85 people employed, 7 people unemployed, and 10 people out of the labor force. 11. How many people are in the LABOR FORCE? Answer (show your work) = 12. What is the Unemployment rate? Answer (show your work) =
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