FU Unemployment Worksheet

Description

Prior to beginning work on this discussion,

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. please cite references

Textbook reference

Gwartney, J. A., Stroup, R. L., Sobel, R. L., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Retrieved from https://www.cengage.com

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