Asked by Mireille Mathieu Ebode Nkoudou on Apr 24, 2024
Verified
If there are 10 million people employed,1 million unemployed,500,000 discouraged workers,and 400,000 collecting unemployment insurance,there are _____ people in the labor force.
Labor Force
The total number of people who are of working age (typically 16 years and over), capable of, and seeking employment.
Discouraged Workers
Individuals who are not actively looking for employment because they believe no jobs are available for them.
Unemployment Insurance
is a government program that provides temporary financial assistance to eligible workers who are unemployed through no fault of their own.
- Calculate the magnitude of the employment sector based on the available data.
Verified Answer
Learning Objectives
- Calculate the magnitude of the employment sector based on the available data.
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