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A BLS labor market survey of two households has gathered the following data: Household 1: Candy worked 20...

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Statistics

A BLSlabor market survey of two households has gathered the followingdata:

Household 1: Candy worked 20 hours last week setting up herinternet shopping business. The rest of the week she completedapplication forms and attended two job interviews. Husband Jerryworked 40 hours at his work at GM. Daughter Meg, a student, worked10 hours at her weekend job at Starbucks.
Household 2: Ari had no work last week but was going to be recalledto his regular job in two weeks. Partner Costa, after months ofsearching for a job and not being able to find one, has stoppedlooking and will be back to school.

Classify each of the 5 people into the labor market category usedby the BLS.

Answer & Explanation Solved by verified expert
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Household 1 Candy worked 20 hours last week setting up her internet shopping business The rest of the week she completed application forms and attended two job interviews Husband Jerry worked 40 hours at his work at GM Daughter Meg a student worked 10 hours at her weekend job at Starbucks Candy would be part of the working age population as she a above 16 years of age and is not in jail hospital or some other forms of institutional care or in the US armed forces Candy would also be part of labor force and would be termed as employed because she has worked for more than 15 hours exactly 20 hours as unpaid worker in her own business during the week    See Answer
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