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Why Scarce Resources Are Sometimes Unemployed (Page One Economics)

The unemployment rate always seems to be in the news, but did you know there are different kinds of unemployment? There is the natural rate of unemployment; cyclical, frictional, and structural unemployment; plus underemployment. Read the October 2013 issue to learn the differences.

Graphs compliments of FRED.

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Audience:   High School, Consumers, College
Language:   English
Subjects:   AP, Economics
Resource Types:   Publications, Newsletter, Lessons
Concepts:   Scarcity, Business Cycle, Factors of Production/Productive Resources, Unemployment