Fall 2022-Econ 102
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| show | is not looking for a job
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| Being considered a full time student can be considered as | show 🗑
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| Matt graduated from college six months ago and is currently without work. He accepted a job that will start in three months. Today, Matt is | show 🗑
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| show | the labor force minus the number of people unemployed.
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| show | not in the labor force.
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| Wayne did not look for another job after he lost his current job. As a result the | show 🗑
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| show | equals 460,000
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| The number of people classified as employed is 500,000 and the number of people in the labor force is 550,000. The total number of people classified as unemployed is | show 🗑
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| show | 3.2%
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| If the number of people classified as unemployed is 5,000 and the number of people classified as employed is 45,000, what is the unemployment rate? | show 🗑
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| show | 4.0%.
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| If the unemployment rate is 7% and the number of people employed is 300,000, total number of people unemployed is approximately | show 🗑
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| If the unemployment rate is 6.1% and the number of people employed is 400,000, the labor force is approximately | show 🗑
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| If the labor force is 575,000 and the total population 16 years of age or older is 650,000, the labor-force participation rate is | show 🗑
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| show | 2,700,000 people.
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