The fifth episode covers the basics of unemployment—how it is defined, how it is measured, and how it is categorized into three types. A "gameshow" quiz winds up the nine-minute lesson.
Today, every state has an unemployment insurance program. This provides some income to qualified, unemployed workers who have lost their jobs through no fault of their own. But how did these programs begin and how does the federal-state partnership work? The December 2020 issue of Page One Economics®: Focus on Finance describes this partnership that began in 1935.
Understanding how the headline unemployment rate (U-3) is calculated. Created by Sal Khan.
Not everyone who isn't working is considered unemployed. Learn how the official rate of unemployment is calculated in this video, and learn what it means to be officially unemployed. Created by Sal Khan.
In this lesson, students will examine the growth of unemployment from 2007 through the second quarter of 2009. Using basic and/or advanced math, students will compare and contrast unemployment rates across different states and across three racial and ethnic groups. An extension activity looks at unemployment among Asian Americans and can be adapted for other populations.
In this lesson, students read and interpret choropleth maps, which contain unemployment data. They compare verbal descriptions of the labor market from the Federal Reserve's Beige Book with the mapped data. In addition, students compare unemployment data for different years. Students access or observe how to access this data online.
The unemployment rate always seems to be in the news, but did you know there are different kinds of unemployment? There is the natural rate of unemployment; cyclical, frictional, and structural unemployment; plus underemployment. Read the October 2013 issue to learn the differences.