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# ECON102-Unemployment

### Fall 2022-Econ 102

Not being considered for unemployment is not looking for a job
Being considered a full time student can be considered as out of the labor force
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 not in the labor force
The number of people employed equals the labor force minus the number of people unemployed.
Annabel retired from the fire department. She started volunteering two hours a day at an unpaid job in the local hospital. Annabel is not in the labor force.
Wayne did not look for another job after he lost his current job. As a result the unemployment rate eventually decreased.
The number of people classified as employed is 390,000 and the number of people classified as unemployed is 70,000. The size of the labor force equals 460,000
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 50,000
If the number of people classified as unemployed is 10,000 and the number of people classified as employed is 300,000, what is the unemployment rate? 3.2%
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? 10%
If the number of people employed is 240,000 and the labor force is 250,000, the unemployment rate is 4.0%.
If the unemployment rate is 7% and the number of people employed is 300,000, total number of people unemployed is approximately 22,580 people.
If the unemployment rate is 6.1% and the number of people employed is 400,000, the labor force is approximately 426,000 people.
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 88.5%.
If the labor-force participation rate is 90% and the total population 16 years of age or older is 3 million people, the labor force is 2,700,000 people.
Created by: rrojas2003
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