Question
Chen: Works for the county government, managing finances. Susanna: Takes college classes full-time and waits tables part-time at a restaurant in the evenings. Edward: Retired
Chen: Works for the county government, managing finances. Susanna: Takes college classes full-time and waits tables part-time at a restaurant in the evenings. Edward: Retired and does volunteer work on Sundays. Muhammad: Was laid off in the last recession and gave up looking for work; has not looked for 2 months. Rosa: Recently left a job because of a move and is applying for a similar job in her new city. Alex: Has a disability that impacts his ability to work and does not care to work. Samra: Teaches high school chemistry. Javier: Quit a job he hated and posted his resume on a job search Web site 2 weeks ago. Yuki: Lost a job in manufacturing and is in school, retraining for a different career. Casey: Recently graduated and attends job fairs. Kazim: Has a part-time job as a personal trainer but would like to work more hours. Eun-Mi: Has several part-time jobs: hand model, web site designer, and consultant. Taylor: Stays at home full time to take care of children. Mandeep: Runs his own business, catering corporate events. Gustavo: Quit his stockbroker job and is traveling the world for a year to "find himself." Alice: Would like a job but gave up looking because of a bad job market. The last job application she submitted was 3 weeks ago. Wei: Retired air force veteran; likes knitting. Stephen: Was laid off and does not expect to be called back to work. He has looked for other jobs to be safe. Min-Su: Human resources manager at a law firm. Amita: Works as a police officer in Los Angeles County.
2. Use this data to calculate the unemployment rate, employment-to-population ratio, and labor force participation rate.
Unemployment rate = # unemployed / labor force 100 Employment-to-population ratio = # employed / total population 100 Labor force participation rate = labor force / total population 100
3. Submit IN THIS FORMAT. (Copy and Paste and then fill in):
Total Employed: ______
Total Unemployed: ______
Total Not in Labor Force: ______
Unemployment Rate: ______
Employment to Population Rate: _____
Labor Force Participation Rate: ______
I would be classified as ___________________ because I ________________________________.
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