In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part - time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154 people without work who gave up looking for a job. Everyone else either had a full-time job or was actively searching for one, and the labor force participation rate is 57.6%. If fthe unemployment rate is 12.5%, what is the number of full-time employed people?

In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part - time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154 people without work who gave up looking for a job. Everyone else either had a full-time job or was actively searching for one, and the labor force participation rate is 57.6%. If fthe unemployment rate is 12.5%, what is the number of full-time employed people?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 44CTQ: The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the...

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