Define the different types of unemployment in the economy, and analyze the economic factors that influence unemployment.

Discussion Questions:

1. Discuss the different types of unemployment that exist in the economy.
2. Explain what is participation rate in the labor force?
3. How much does the labor force participation rate affect the unemployment rate?
4. Doyou think one type of unemployment is worse than others and why?
5. What can governments do to assist in reducing this type of unemployment?