Unemployment

  • Read Chapter 8 of Macroeconomics: Private and Public Choice.

For this discussion, address the following questions:

 

  • How is unemployment calculated, and what is and is not included?
  • What were the unemployment numbers for the latest three quarters?
  • Why is unemployment mentioned in business news so often and used as an important metric for our economy?
  • What might cause the unemployment numbers to be questioned from an accuracy standpoint and a relevancy perspective?
  • How is unemployment impacted by the phases of the business cycle?

Your initial response should be a minimum of 200 words.

 

Reference book: Gwartney, J. A., Stroup, R. L., Sobel, R. L., & Macpherson, D. A. (2018). Macroeconomics: 

            Private and public choice (16th ed.). Cengage Learning.

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