Standard: d. Identify structural, cyclical, and frictional unemployment. Essential Question: How do we measure the unemployment? How is unemployment misleading.

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Standard: d. Identify structural, cyclical, and frictional unemployment. Essential Question: How do we measure the unemployment? How is unemployment misleading. Warm up: Decide if they are in or not in the labor force. Jack was laid off, and has not looked for a job in a year. Jill was laid off and just applied for a new job yesterday. Logon to nearpod once you are done.

 Types of unemployment  -Cyclical-Business cycle  -Structural-Skills  -Frictional  Labor force=employed+unemployed  Not in the labor force  Unemployment rate=unemployed/labor force