Related Capstone Lessons

Unit 6: Lesson 31 - Measuring Unemployment: A Labor Market Mystery

Students examine an economic mystery regarding employment and unemployment statistics. They learn how the Bureau of Labor Statistics measures employment and unemployment. They use the Guide to Economic Reasoning and some arithmetic to solve the mystery of how employment and unemployment can increase at the same time.

Concepts:

  • Choice
  • Incentive
  • Labor
  • Labor Force
  • Unemployment
  • Unemployment Rate
  • Employment Rate
Standards:
  • Standard #18: Economic Fluctuations

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