The Dark Wraith Audio Lecture Series: Lecture 12
Lecture 12: "Employment and Unemployment"
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This is a light-weight lecture that first qualitatively covers how employment and unemployment rates are determined and then analyzes problems with the official methods of determining unemployment in the U.S. The lecture concludes by separating unemployment into three types: cyclical, frictional, and structural, with commentary on the meaning and significance of each.
This lecture does not focus on the formulas and calculations, but instead lays the foundation by which students and other interested constituencies can think about what statistics released by the government tell us and do not tell us about the working life of the nation's people and the forces affecting us as individuals, households, and communities, both in the short run and in the long run.
Readers are encouraged to enjoy this and every lecture published in The Dark Wraith Audio Lecture Series.