In: Economics
Identify which of the following people would be considered either employed, unemployed, or not in the labour force:
b) Bonnie quit her job six months ago to take care of her newborn triplets.
c) Cheyenne just received her bachelor's degree in accounting and is going to backpack through Europe for six months before seeking employment as an auditor.
d) Danitra owns a talent agency which provides clowns for children's birthday parties.
e) Edgar is a full-time student and is working 10 hours each week as a lab assistant at Faber College.
Question
(a)
In this case, the person has just lost his job and is actively looking for the another one.
When a person is between jobs that is, he or she has lost or quit the job and is actively looking for another one then he or she is considered unemplpoyed.
So,
Alejandro is unemployed.
(b)
In this case, person has quit the workforce and is not looking actively for any job.
So,
Bonnie is not in the labor force.
(c)
In this case, person has just graduated but is not looking for a job. Instead, person is taking a break and is having a vacation.
So,
Cheyenne is not in the labor force.
(d)
In this case, person owns a talent agency which provides clowns for children's birthday parties.
This person is self-employed.
So,
Danitra is employed.
(e)
In this case, person is a full time student but also works as lab assistant at college lab for 10 hours a week.
This person is part-time employed.
So,
Edgar is employed.