The following is a report from a BLS survey tracker: “There were 65 people in the houses I visited. Ten of them were children under age 16, 25 people had full time jobs, and 5 had part time jobs. There were 10 retirees, 5 full time homemakers, 5 full time students over age 16 and 2 people were disabled and cannot work. The remaining people did not have jobs but all said they would like one. One of these people had not looked actively for work for 3 months, however.”

Question

Find the:
1.) labor force
2.) unemployment rate
3.) participation rate

Please help! Thanks!

Answer 1

I figured it out

Answer 2

2