Macroeconomics 11th Edition by Michael Parkin

Exercise 26

After you have studied Reading Between the Lines on pp. 122-123, answer the following questions.
a. What are the two measures of employment?
b. What are the sources of difference between the two measures of employment
c. What do the two measures of employment tell us about the U.S. economy since 2000
d. Thinking about the information in the news article and its implications for unemployment, would you say that the change in unemployment is a change in cyclical unemployment or a change in natural unemployment
e. What do the data on employment, unemployment, and underemployment imply has happened to the number (and percentage) of people who are not in the labor force