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Unemployment

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Introduction to Unemployment

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How the Unemployment Rate is Defined and Computed

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3

Who’s in Or Out of the Labor Force?

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Calculating the Unemployment Rate

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5

Hidden Unemployment

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6

Labor Force Participation Rate

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7

The Establishment Payroll Survey

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8

How is the U.S. Unemployment Data Collected?

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Criticisms of Measuring Unemployment

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10

Key Concepts and Summary

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The Historical U.S. Unemployment Rate

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Unemployment Rates by Group

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13

Breaking Down Unemployment in Other Ways

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International Unemployment Comparisons

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15

Key Concepts and Summary

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Cyclical Unemployment

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Why Wages Might Be Sticky Downward

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18

Key Concepts and Summary

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19

What Causes Changes in Unemployment Over the Long Run

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20

The Long Run: The Natural Rate of Unemployment

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21

Frictional Unemployment

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22

Structural Unemployment

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23

Natural Unemployment and Potential Real GDP

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Productivity Shifts and the Natural Rate of Unemployment

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25

Public Policy and the Natural Rate of Unemployment

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26

The Natural Rate of Unemployment in Recent Years

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27

The Natural Rate of Unemployment in Europe

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28

A Preview of Policies to Fight Unemployment

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29

Key Concepts and Summary

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