1. Measuring Unemployment
Examine the Current Population Survey on the
Department of Labors Bureau of Labor Statistics website at
http://www.bls.gov/cps/and find answers to the following questions:
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Who is counted as employed?
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Who is counted as unemployed?
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How does the government measure underemployment?
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What is the current unemployment rate?
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Who are discouraged workers?
2. Who Decides If It Is a Recession?
Go to the National Bureau of Economic Research
(NBER) website at
http://www.nber.org/info.html and
answer the following questions:
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What is the NBER?
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What is the name of the group that
determines when recessions begin and end?
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Why would the NBER determine business
cycles and not the Labor or Commerce Department?