Jobs and Unemployment

The job you would like to have when you graduate, the wages you receive, and the competition you encounter depend on variables such as your grades, the subject you majored in, your interviewing skills, and the state of the labor market at the time.

You learn about the monthly survey from which employment data is recorded, the sources and types of unemployment, and what economists mean by the term "full employment."

 6.1  Define the unemployment rate and other labor market indictors. 
 

 6.2   Describe the trends and fluctuations in the indicators of labor market performance in the United States.

 6.1  Define the unemployment rate and other labor market indictors. 

A.  The unemployment rate is the number of people unemployed as a percentage of the labor force, and the labor force is the sum of the number of people employed and the number unemployed.
B.  The labor force participation rate is the labor force as a percentage of the working-age population.

 6.2   Describe the trends and fluctuations in the indicators of labor market performance in the United States.

A.  The unemployment rate fluctuates with the business cycle.
B.  The female labor force participation rate has increased, and the male labor force participation rate has decreased.
C.  Aggregate hours fluctuate with the business cycle.

Take the optional post-study bonus point quizzes on Jobs and Unemployment on Saturday following Module 8.

Take the optional pre-study bonus point quizzes on CPI and the Cost of Living on Sunday preceding Module 9.

The National Center of Policy Analysis (NCPA) is a nonprofit, nonpartisan public policy research organization, established in 1983. The NCPA's goal is to develop and promote private alternatives to government regulation and control, solving problems by relying on the strength of the competitive, entrepreneurial private sector. Topics include reforms in health care, taxes, Social Security, welfare, criminal justice, education and environmental regulation