Unemployment is one of the major concerns that people have in today’s economy, since losing one’s job can be one of the most devastating events a person can experience. But what do the numbers actually mean? What is the actual state of the economy, in terms of its ability to generate jobs for its citizens?
Questions:
*What is the labor force participation rate?
*What was the labor force participation rate in 2008?
*How has it changed since 2008 and what does this change imply for the state of the economy?
*Does the labor force participation rate effect the unemployment rates reported in the media?
*How is unemployment measured and reported?
*What is a discouraged worker? Are they included in the basic unemployment rate?
* Are they included in any measure of unemployment?
*How has the number of discouraged workers changed since 2008?
* How does the exclusion of the discouraged worker affect the basic unemployment rate reported in the media?
*What is frictional unemployment? What is structural unemployment?
*What is cyclical unemployment?
*What economic policies should be used to deal with these types of unemployment?
*Which type is most prevalent in today’s economy?
*Unemployment insurance is designed to help the unemployed. *Do these benefits encourage or discourage a person from looking for work?
*How long should these benefits last?
*Does the existence of unions help or hurt the overall economy and the employment rate? Why or why not?
Deliverables:
above-noted concerns and meets APA standards.
Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.
