Question
Check the Bureau of Labor Statistics Web site (http:/l www.bls.gov) to find out the current unemployment rate. Would you say that our economy is currently experiencing full employment? (Remember, full employment doesn't mean full employment.)
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Visit the Bureau of Labor Statistics (BLS) website at http://www.bls.gov. Show more…
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Go to the website of the Bureau of Labor Statistics (http://www.bls.gov). What is the national unemployment rate right now? Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race). Is it higher or lower than the national average? Why do you think this is so?
The U.S. Department of Labor reports statistics on employment and earnings that are used as key indicators by many economists to gauge the health of the economy, Figure $6-4$ in the text plots historical data on the unemployment rate each month. Noticeably, the numbers were high during the recessions in the $\operatorname{carly} 1990 \mathrm{s},$ in $2001,$ and in the aftermath of the Great Recession, $2008-2014$ a. Locate the latest data on the national unemployment rate, (Hint: Go to the website of the Bureau of Labor Statistics, www.bls.gov, and locate the latest release of the Employment Situation.) b. Compare the current numbers with those during the early $1990 s, 2001,$ and during $2008-2014,$ as well as with the periods of relatively high economic growth just before the recessions. Are the current numbers indicative of a recessionary trend?
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