ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Bartleby Related Questions Icon

Related questions

Question

Need help ASAP!! 

2. Employment status in the household survey
Respondents to the household survey end up in one of three primary categories: employed, unemployed, or not in the labor force.
• An employed person is someone who worked for pay, worked for his or her own business, or was on temporary leave from a paid
position during the week of the survey.
• An unemployed person is someone who did not work during the survey week but was available to work and had searched for
employment at some point during the previous four weeks.
• A person who does not fit the criteria of employed or unemployed is not in the labor force.
Based on the descriptions in the following table, classify each person as employed, unemployed, or not in the labor force.
Description
Sharon recently lost her job as a reporter for a major newspaper. Since then, she's been
earning income by taking on about 20 hours of freelance writing work each week.
Felix lost his job as a nightclub manager eight months ago. After failing to find a job, he gave
up on his job search three months ago.
Carlos is taking two years off from his law practice in order to care for his young daughter.
Amy is a construction worker who was laid off during a recent downturn in the housing market.
She did not work for pay last week, but she went for two job interviews.
Status
Employed Unemployed
O
O
Not in the
Labor Force
O
O
expand button
Transcribed Image Text:2. Employment status in the household survey Respondents to the household survey end up in one of three primary categories: employed, unemployed, or not in the labor force. • An employed person is someone who worked for pay, worked for his or her own business, or was on temporary leave from a paid position during the week of the survey. • An unemployed person is someone who did not work during the survey week but was available to work and had searched for employment at some point during the previous four weeks. • A person who does not fit the criteria of employed or unemployed is not in the labor force. Based on the descriptions in the following table, classify each person as employed, unemployed, or not in the labor force. Description Sharon recently lost her job as a reporter for a major newspaper. Since then, she's been earning income by taking on about 20 hours of freelance writing work each week. Felix lost his job as a nightclub manager eight months ago. After failing to find a job, he gave up on his job search three months ago. Carlos is taking two years off from his law practice in order to care for his young daughter. Amy is a construction worker who was laid off during a recent downturn in the housing market. She did not work for pay last week, but she went for two job interviews. Status Employed Unemployed O O Not in the Labor Force O O
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education