Here is a report from a not very efficient survey taker; “There are 65 people in

Question

Here is a report from a not very efficient survey taker; “There are 65 people in the houses I visited, 10 of them children under 16 and 10 retired; 25 people had full-time jobs and 5 had part time jobs. There were 5 full-time homemakers, 5 full-time students over age 16 and 2 people who 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 for work for 3 months, however.” Calculate: (vii) The labour force participation rate

Explanation / Answer

Labor force participation rate = Labor force / Adult population

Labor force = Employed + Unemployed = (25 + 5) + 3 = 33

Adult population = Children above age 16 + Retired + Homemakers + Disabled + Labor force = 5 + 10 + 5 + 2 + 33 = 55

Labor force participation rate = 33/55 = 0.6

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