ECONOMICS: March 28 Warm-up What two things compose the labor force? How is the unemployment rate calculated? Economics Learning Target In order to understand.

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ECONOMICS: March 28 Warm-up What two things compose the labor force? How is the unemployment rate calculated? Economics Learning Target In order to understand the causes and consequences of instability in the U.S. economy, I will analyze the civilian unemployment rate. I will know I have it when I: (1) can calculate a hypothetical unemployment rate; (2) list and explain the different types of unemployment; (3) can calculate the natural rate of unemployment (NRU); and (4) can explain the cost of unemployment. Ch. 13, Lesson 3 Student Lecture Guide (HO from last class) --BLS Employment Situation Summary (HO) --types of unemployment --unemployment scenarios (HO) --the natural rate of unemployment (NRU) --cost of unemployment Closure Unemployment: crime, poverty, divorce Assignment Read Ch. 13, Lesson 2