What kind of unemployed are you? | Macroeconomics 13 of 31 | Study Hall

The unemployment rate is a great economic indicator– but we can break things down even more to get more specific about what’s really going on in both the labor market and the economy as a whole.
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Chapters:
0:00 - Introduction
1:19 - The Unemployment Rate
2:43 - Types of Unemployment
9:02 - Natural Rate of Unemployment
11:00 - Conclusion

[trevinbeattie]

I’m really happy you mentioned both people who have fallen off of the unemployment statistics and the underemployed. It’s important when hearing about the “unemployment rate” to take this single metric with a grain of salt.

[curiousfirely]

Geniune question: where would seasonal employment (unemployment) fit in? Maybe, structural?

Some jobs (eg. landscaping, snow plow operator) are only needed for part of the year, so at the end of the season the jobs aren't needed anymore. I know folks who make it work by stringing together various seasona jobs

[peterbui]

A recession is when your neighbor or friend becomes unemployed. A depression is when you become unemployed.