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QUESTION IMAGE

impact of unemployment quick check which of the following individuals w…

Question

impact of unemployment quick check
which of the following individuals would be considered unemployed when calculating the unemployment rate? (1 point)
○ a 65 - year - old retired plumber who has no interest in looking for a new job
○ a 22 - year - old teacher who recently lost his job and is currently looking for a new one
○ a 15 year - old girl who wants to work part time but is unable to find work
○ an 18 - year - old electrician who is currently working full time but would like to work more hours

Explanation:

Brief Explanations

To be counted as unemployed in unemployment - rate calculations, a person must be of working - age (usually 16 - 64 in most countries for full - time work considerations), not have a job, and be actively seeking work.

  • The 65 - year - old retired plumber is not in the labor force as he has no interest in looking for work.
  • The 15 - year - old girl is below the typical working - age for full - time labor force participation (in many places, the minimum age for full - time work is 16 or 18).
  • The 18 - year - old electrician is employed (working full - time), so not unemployed.
  • The 22 - year - old teacher meets the criteria: of working - age, jobless, and actively seeking work.

Answer:

B. a 22-year-old teacher who recently lost his job and is currently looking for a new one