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UNEMPLOYMENT
In understanding what unemployment is we will explore what it is not. Unemployment is a slice of a pie known as the labor force. ... Unemployment is defined as adults that are seeking job placement, but at that point in time are without a job.
According to the Bureau of Labor Statistics, there are four categories of unemployment. ...
To calculate unemployment you would take the number of unemployed and divide it by the number of people in the labor force. ... This is known as the unemployment rate. The unemployment rate is used as an indicator of economic progress. Flipping the unemployment rate to the national level in known as the National Rate of Unemployment. The NRU is the minimum unemployment rate, which is a policy objective that a nation has. If a nation’s unemployment rate is below the NRU, the nation is said to be operating beyond full- unemployment status.
Approximate Word count = 659
Approximate Pages = 2.6
(250 words per page double spaced)
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