Describe how the Bureau of Labor Statistics (BLS) measures unemployment.

2) Evaluate strengths and limitations of BLS unemployment statistics.

3) What are thecauses of frictional, cyclical, and structural unemployment?

4) What isfull employment or natural rate of unemployment?

5) Calculate:If there are 350 million people living in the U.S, and 270 million are eligible workers while 180 million are in the labor force with 3% unemployed, what is the number of unemployed workers?

6) Calculate: If there are 400 million people living in the U.S, but 1million died of health issues leaving 271 million eligible workers, what is the unemployment rate if 180 million are in the labor force and 9 million are actively looking work?

7) Calculate: If there are 500 million people living in the U.S, and 280 million are eligible workers while 50 million are considered discouraged workers and 10 million are considered unemployed at a rate of 7%, what is the number of people in the labor force?