(solution) Assignment 1: Unemployment and the Economy For this assignment, you should use the in the textbook a

(solution) Assignment 1: Unemployment and the Economy For this assignment, you should use the in the textbook a

Assignment 1: Unemployment and the EconomyFor this assignment, you should use the in the textbook and the found on the Department of Labor website, http://www.bls.gov/home.htm.Unemployment is one of major concerns that have in today’s, since losing one’s can be one of the most devastating person can experience. what do the numbers mean? What is the actual of the economy, in terms of its to generate jobs for its citizens? Document Preview: Assignment 1: Unemployment and the Economy For this assignment, you should use the in the textbook and the found on the Department of Labor website, http://www.bls.gov/home.htm. Unemployment is one of major concerns that have in today’s, since losing one’s can be one of the most devastating person can experience. what do the numbers mean? What is the actual of the economy, in terms of its to generate jobs for its citizens? Questions: What is the labor participation rate? What was the labr force rate in 2008? How has it changed since 2008 and does this change for the state of the? Does the labor participation rate effect the rates reported in the media? How is unemployment measured and reported? What is a worker? Are they included in the unemployment rate? Are they in any measure of? How has the number of workers changed since 2008? does the of the discouraged worker affect the basic rate reported in media? What is frictional? What is structural? What is cyclical? What economic policies should be used to deal with these types of? Which type is most in today’s economy? Unemployment is designed to help the. Do these benefits or discourage a person from looking for work? How long these benefits last? Does the existence of unions help or hurt the overall economy and the employment rate? Why or why not? Deliverables: Submit a 6 page single-spaced paper in Microsoft Word format, to the W2: Assignment 1 Dropbox, addressing the above-noted items. Create a Microsoft PowerPoint presentation of 5-10 slides that summarizes your findings in your report. Post your presentation to the Assignment 1 Discussion Area. What is the Labor Force Participation Rate? Answer: The labor force participation rate is the percentage of working-age persons in an economy who: Are employed Are unemployed but looking for a job Typically “working-age persons” is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor…