Asked by Justene Hirsig on Jun 15, 2024
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Given the following information,how many people are in the labor force? U.S.population,250 million;employed,135 million;unemployed,5 million;discouraged workers,4 million;collecting unemployment insurance,3 million.
Labor Force
The sum of all individuals who are either working or actively searching for work within a specific country or area.
Discouraged Workers
Individuals not actively searching for employment due to previous unsuccessful attempts or a belief that no jobs are available for them.
Unemployment Insurance
Unemployment insurance is a government-provided benefit that offers temporary financial assistance to workers who have lost their jobs through no fault of their own.
- Determine the size of the labor force from given data.
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Learning Objectives
- Determine the size of the labor force from given data.
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