Practice Quiz 4 Answers

Mary who does not have a job but is looking for work

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Unformatted text preview: ry, who does not have a job, but is looking for work c. Jean, a homemaker who is raising two kids d. Paul, a person who wants to work but has given up the search Mary is the only one who would be considered to be in the labor force. Civilian labor force Year or month Civilian noninstitutional population Employment Total Total Agricultural Nonagricultural Not in labor Unemployment force 2000 2001 212,577 215,092 142,583 143,734 136,891 136,933 2,464 2,299 134,427 134,635 5,692 6,801 69,994 71,359 2002 217,570 144,863 136,485 2,311 134,174 8,378 72,707 2003 221,168 146,510 137,736 2,275 135,461 8,774 74,658 6. Above is a table of labor market data. Based on the table, in 2003 the unemployment rate was ____. The unemployment rate = unemployed / labor force = 8,774 / 146,510 = 5.9% 7. Based on the table, in 2003 t...
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