Jill does not currently have a job, but has applied for several jobs in the previous week. Ken is an unpaid stay-at-home dad who has not searched for work in recent years. Who does the BLS count as not in the labor force?
A. Jill but not Ken
B. Ken but not Jill
C. Jill and Ken
D. neither Jill nor Ken
Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate ()
A. increases and the labor-force participation rate decreases.
B. and the labor-force participation rate both increase.
C. increases and the labor-force participation rate is unaffected.
D. is unaffected and the labor-force participation rate decreases.
Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate ()
A. and the labor-force participation rate both increase.
B. increases and the labor-force participation rate is unaffected.
C. is unaffected and the labor-force participation rate increases.
D. and the labor-force participation rate are both unaffected.
Which of the following is correct? ( )
A. Labor force = number of employed.
B. Labor force = population - number of unemployed.
C. Unemployment Rate = number of unemployed÷(number of employed + number of unemployed) *100%.
D. Unemployment Rate = number of unemployed÷adult population*100%.