1. Compare the different rates of unemployment shown in charts 6-9 above. What can you infer from this information about differences and disparities in unemployment rates in the U.S.?

• (Click into the links to review these numbers more closely)

2.Based off of what you observed from questions #1-3 above, explain why a nation's official unemployment rate DOES NOT give us a complete picture of the level of unemployment in a country and how good/bad it is.

3.Distinguish between the four types of unemployment: frictional, seasonal, structural, and cyclical.

3. Chart 6: U.S. Unemployment rate - Black or African American MEN Chart 7: U.S. Unemployment rate - White MEN FRED - Unemployment Rate - 20 Yrs. & Over, Black or African American Men FRED .- Unemployment Rate - 20 Yrs. & Over, White Men 225 20 0 175 150 Percer Mar 2020 125 10.0 Mar 2020: 75 50 1980 1985 1900 1995 2000 2005 2010 2015 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 1975 Shaded areas indicate U.S. recessions Source: U.5. Bureau of Labor Statistics Fred. stiouisfed.org Shaded areas indicate U.S. recession Source: U.5. Bureau of Labor Statistics fred. stiouisfed.org U.S. Bureau of Labor Statistics, Unemployment Rate - 20 Yrs. & Over, Black or African U.S. Bureau of Labor Statistics, Unemployment Rate - 20 Yrs. & Over, White Men American Men [LNS14000031], retrieved from FRED, Federal Reserve Bank of St. Louis; [LNS14000028], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/LNS14000031, April 21, 2020. https://fred.stlouisfed.org/series/LNS14000028, April 21, 2020. Link to this data: https://fred.stlouisfed.org/series/LNS14000031 Link to this data: https://fred.stlouisfed.org/series/LNS14000028 Chart 8: U.S. Unemployment rate - Black or African American WOMEN Chart 9: U.S. Unemployment rate - White WOMEN FRED - Unemployment Rate - 20 Yrs. & Over, Black or African American Women E: FRED - Unemployment Rate - 20 Yrs. & Over, White Women 20.0 175 150 125 Percent 10.0 Mar 2020 75 Mar 2020: 5.2 50 25 1975 1950 1985 1930 1995 2000 2005 2010 2015 2020 1955 1950 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Shaded areas indicate U.S. recessions Source: U.S. Bureau of Labor Statistics fired.stiquisfed.org Shaded areas indicate U.S. recessions Source: U.5. Bureau of Labor Statistics fred. stlouisfed.org Link to this data: https://fred.stlouisfed.org/series/LNS 14000032 Link to this data: https://fred.stlouisfed.org/series/LNS 14000029