Define the unemployment rate and other labor market indicators. A.Current Population Survey B.Population Survey Criteria C.Two Main Labor Market Indicators 1. The Unemployment Rate 2. The Labor Force Participation Rate D.Alternative Measures of Unemployment 1. Marginally Attached Workers 2. Part-Time Workers 2. Describe the trends and fluctuations in the indicators of labor market performance in the United States. A.Unemployment Rate B.The Participation Rate 3. Describe the sources and types of unemployment, define full employment, and explain the link between unemployment and real GDP. A.Frictional Unemployment B.Structural Unemployment C.Cyclical Unemployment D.“Natural” Unemployment 3. The Real Wage Rate 4. Unemployment Benefits
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