Unemployment - Economic Lowdown

#teachecon #economiceducation
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. Scott Wolla of the St. Louis Fed explains what unemployment is, how it is measured, and the different types of unemployment.
Part of the Economic Lowdown Video Series. Instructors, learn more at www.stlouisfed...