Consider a small economy composed of six people: Brian, Crystal, Edison, Hilary, Maria, and Kevin. Each person's employment status is described below. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Brian is a 25-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club.

Consider a small economy composed of six people: Brian, Crystal, Edison, Hilary, Maria, and Kevin. Each person's employment status is described below. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Crystal is a 42-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet.

Consider a small economy composed of six people: Brian, Crystal, Edison, Hilary, Maria, and Kevin. Each person's employment status is described below. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Edison is a 75-year-old retired professor. He enjoys volunteering at the local public library.

Consider a small economy composed of six people: Brian, Crystal, Edison, Hilary, Maria, and Kevin. Each person's employment status is described below. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Maria is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago.

Consider a small economy composed of six people: Brian, Crystal, Edison, Hilary, Maria, and Kevin. Each person's employment status is described below. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Kevin is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading.

Consider a small economy composed of six people: Brian, Crystal, Edison, Hilary, Maria, and Kevin. Each person's employment status is described below. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Hilary is a 10-year-old student at Southside Middle School. She babysits her younger sister and does other chores, so her parents give her an allowance of $25 per week.

Labor Force Participation Rate = 100× (Number in Labor Force/Adult Population) According to this formula, what is the labor force participation rate of this economy of six people?

Unemployment Rate = 100×(Number of Unemployed Workers/Labor Force) According to this formula, what is the unemployment rate of this economy of six people?

Which of the following statements correctly describe discouraged workers?

The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would ________