In: Economics
Which of the following person is not in the labor force?
Your neighbor Ben who is working at Chase Bank, Boston |
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Ben’s 21-year old son Luca who is a full-time student at UMass Dartmouth, who does not have any job. |
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Ben’s wife Sofia who is now working part-time for Target as a consultant |
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Ben’s brother who just lost his job two months ago, who is now actively looking for job every day |
Labour force- It consists of employed and unemployed people. Employed people who are working, and those unemployed who are looking for any job or work.
In the four cases given in the question, Ben’s 21-year old son Luca who is a full-time student at UMass Dartmouth, who does not have any job, will not be included in the labour force. As he is a student and doesn't do any work, such people are not included in the labour force.
Apart from that-
Your neighbor Ben who is working at Chase Bank, Boston.
Ben’s wife Sofia who is now working part-time for Target as a consultant
Ben’s brother who just lost his job two months ago, who is now actively looking for a job every day.
These all will be included in the labour force as-
In the first case, Ben is employed; works in a bank.
Ben's wife is also working as a part time, as part time workers are also called employed.
Ben's brother is actively looking for a job, and will also be a part of the labour force.