ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 15: Unemployment

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 ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 15: Unemployment
 

Consider the following as you read:

 

 

 

Consider the three categories into which the Bureau of Labor Statistics divides everyone. How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
 

 

Consider why frictional unemployment is inevitable. How might the government reduce the amount of frictional unemployment?
 

 

Consider why are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates.
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