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This The Fed Explained: Labor Force and Unemployment instructional video also includes:
Studying the unemployment rate in a country is a way to learn more about the strength of its economy, but knowing what comprises the unemployment rate can teach you even more. Watch a short video from the Federal Reserve Bank of Atlanta to learn more about why a cursory glance at the unemployment rate may be deceiving.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Connect to a lesson on unemployment or when studying the recession of 2008
- Encourage learners to conduct additional research on historical unemployment rates in their area
Classroom Considerations
- Does not contain a transcript, unlike previous videos in the series
- Though the video was published by the Atlanta branch of the Federal Reserve, the information it presents is not specific to that region
- This video is hosted on YouTube
Pros
- Clearly differentiates between unemployment and not being in the labor force
- Uses a simplified example to demonstrate unemployment rate
Cons
- None