• If you do noy have a job are you necessarily unemployed? 

    Defining Unemployment (Key Concepts)
    • Employed
    • Unemployed
    • Labor Force
    • Labor Force Participation Rate- add formulas to formula sheet
    • Unemployment Rate- www.bls.gov
    • Discouraged Workers
    • Underemployed
    Types of unemployment
    1. Frictional
    2. Structural
    3. Cyclical
    4. Seasonal
    Essential Questions
    How do the natural and actual rate of unemployment differ?
    Who is and is not counted in the official unemployment rate?
    Helpful Websites
    http://www.youtube.com/watch?v=hwWGzQ_FUtQ map of growing unemployment
Last Modified on August 15, 2017