Macro 2.3 - Unemployment and Labor Force Statistics

This video covers topic 2.3 of the AP Macroeconomics Course Exam Description (CED). This video is all about the unemployment rate, labor force participation rate, natural rate of unemployment (NRU), the 4 types of unemployment, and the problems with using the unemployment rate as an indicator of labor market health.

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I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.