Scenario: 100 people live in Country X, and 60 of these people are working full time. Tara and Jen have been able to find only part-time jobs. John, Peter, and Luna just had to close their coffee shop; and John and Peter are looking for a new business venture. Luna has inherited a large sum of money and feels that she does need to work anymore. Her sister Sara feels the same way. Four people in Country X are living in care facilities. Ten people are full-time students, and two of them currently are hoping to find a job. All other people are retirees or under the age of 16.
-Refer to the scenario above.How would the Bureau of Labor Statistics classify Luna?

Question

Quizplus · Accepted Answer

Luna has inherited a large sum of money and does not feel the need to work anymore, which means she is not actively looking for a job. Therefore, she would not be classified as unemployed or in the labor force. She is not employed either, making her a potential worker who is currently not seeking employment.

Scenario: 100 People Live in Country X, and 60 of These