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- As the baby boom generation retires, the ratio of retirees to workers will increase noticeably. How will this affect the Social Security program? How will this affect the standard of living of the average American?What is the relevance of manufacturing businesses to employment?1 Describe the decrease in employment from 2020-2022.
- What is the labor force participation rate?8. If the adult population of a city is 1,000,000 people, and the labor force size is 600,000 people, what is the Labor Force Participation Rate?The table gives information about a nation's labor force. What is the labor force participation rate? The labor force participation rate is _____ percent. Labor Market Data Not in labor force 70.0 million Labor force 142.6 million Employed 136.9 million
- 19. Retired persons are officially classified as: not in the labor force unemployed underemployed self-employed20. The economy is fully employed when there is no: cyclical unemployment seasonal unemployment structural unemployment frictional unemploymentusing the data below calculate 4. the labour force participation rate 5. the official employment rate currently working 23,000 volunteer workers 9845(ages 13-14) looking for work 12,000 (ages 15)looking for work 45,600 Part-time workers 56 family workers who worked 15 hrs a week 234 self-employed 6543 discouraged workers 67,432(ages 23-25)looking for work 67,890 laid off receptionists looking for work 544,321(ages 16-20) looking for work) current population is 6,000,000 5654 Temp workers 5000 armed forces 543 recent university graduatesthat are going back to graduate school 3500 institutionalized
- Which individual is out of the labor force? John is without a job, is able to work, but is not actively looking for work. Matthew is working 40 hours per week. Mary is without a job, is able to work, and is actively looking for work. Emily is working 6 hours per week.if the labor force is 250,000 and the total population 16 years of age or older is 300,000, the labor force participation rate is ?1. What is the labor force?