Person Status Allen Unpaid stay at home dad. Has not…

Person Status Allen Unpaid stay at home dad. Has not looked for a job in several years. Ben College president. Allison Part-time welder. Actively looking for full time work. Brittany Self-employed full-time wedding singer. Cathy Full­time physician’s assistant. Calvin Retired finance professor. Last applied for work 10 weeks ago. Diane Laid-off fork-lift operator looking for another job. David Works for a bicycle store. Age 70. Evelyn Manager of health food store. Eli Museum guard. Was not at work last week due to illness. Emily 10-year old who sells lemonade on the weekends. Flora Has never been employed. Looked for a job last week. Frank Fired from job as an investment banker. Last looked for work six weeks ago.   What is the unemployment rate? (round to the nearest hundredth) HINT: 100 x (unemployed/labor force)      

Person Status Allen Unpaid stay at home dad. Has not…

Person Status Allen Unpaid stay at home dad. Has not looked for a job in several years. Ben College president. Allison Part-time welder. Actively looking for full time work. Brittany Self-employed full-time wedding singer. Cathy Full­time physician’s assistant. Calvin Retired finance professor. Last applied for work 10 weeks ago. Diane Laid-off fork-lift operator looking for another job. David Works for a bicycle store. Age 70. Evelyn Manager of health food store. Eli Museum guard. Was not at work last week due to illness. Emily 10-year old who sells lemonade on the weekends. Flora Has never been employed. Looked for a job last week. Frank Fired from job as an investment banker. Last looked for work six weeks ago.   What percent are NOT in the labor force? HINT: What percent are in the labor force? (You already answered that.) Now that you know that, how many are not in the labor force?