ECON 0110 Lecture Notes - Lecture 11: Macroeconomics, Aggregate Demand, Monthly Labor Review
Document Summary
It is the responsibility of the federal government to seek maximum. All persons age 16 and over who are not inmates of penal or mental institutions, sanitariums, or homes for the aged, infirm or needy. Worked for pay any time during the week which includes the 12th day of. Worked unpaid for 15 hours or more in a family-operated business. A person with 2 jobs is counted only once. Had looked for jobs within the preceding 4 weeks. Did not look for work because they were laid off. Persons who do not have a job, would like one, and are actively seeking a job. Everyone in the civilian noninstitutional population who is not classified as employed or unemployed. = all employed or unemployed persons in the civilian noninstitutional. = all individuals who have a job or are actively seeking work. = number unemployed as a percentage of the labor force. = number employed as a percentage of the labor force.
