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- Someone may be unemployed for all of the following reasons, EXCEPT, losing a job being an entrant or reentrant into the labor force leaving a job choosing to leave the labor forceIf the unemployment rate is 6 percent and the number of persons unemployed is 6 million, then the number of people employed is equal to:What is the difference between being unemployed and being out of the labor force?
- If you are out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greeter at Wal-Mart are you considered employed or not in the labor force?Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725. What is the size of the labor force? How many people are unemployed? What is the size of the working-age population?What is seasonal unemployment?
