Prior to beginning work on this discussion,

  • Read Chapter 8 of Macroeconomics: Private and Public Choice.

For this discussion, address the following questions:

  • How is unemployment calculated, and what is and is not included?
  • What were the unemployment numbers for the latest three quarters?
  • Why is unemployment mentioned in business news so often and used as an important metric for our economy?
  • What might cause the unemployment numbers to be questioned from an accuracy standpoint and a relevancy perspective?
  • How is unemployment impacted by the phases of the business cycle?

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource in addition to the text.


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