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

Consider the following as you read:

1. 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?
2. Consider why frictional unemployment is inevitable. How might the government reduce the amount of frictional unemployment?
3. Consider why are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates.