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19 July, 04:48

Duane owns his own real estate company. The Bureau of Labor Statistics counts Duane as

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  1. 19 July, 05:27
    Employed and part of the labor force


    As per the Bureau of labor statistics, labor force comprises of non-disabled adults individuals, who are willing and able to work. The individual may be either currently employed, or not.

    Unemployed people are defined as jobless persons who are actively seeking to be hired. Jobless individuals who are not looking for employment are not considered part of the labor force.

    Duane is engaged in economic activity; therefore, he is employed. His real estate venture is income-generating; hence he is not seeking employment. The fact that he is employed means that he is part of the labor force.
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