Description: It may seem that many people like to complain about work, but most do see having a job as a much better situation than the alternative—being unemployed. In fact, the unemployment rate is one of the most important pieces of economic data that economists study. In the 10th episode of the Economic Lowdown video series, economic education specialist Scott Wolla explains what unemployment is, how it is measured, and the different types of unemployment.
Estimated Completion Time: 10 minutes