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by | Jun 22, 2022 | Economics | 0 comments


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PART 1 This week, you need to refer again to the
economic data of the country you chose and relate it to week 3’s material.
Specifically, you need to respond to the following questions:
What is the country’s unemployment rate? How does it
compare to the United States’ unemployment rate? Are they better off or
worse off than us?
What is the country’s currency? What is the exchange
rate with the dollar? Does it have a floating or fixed exchange rate, or
does it use the dollar as its currency?
Who are its’ main trading partners? Is foreign
investment important for them? Does the country have a trade deficit or
surplus? What percent of the GDP are exports? (you can just divide the
value of exports by the GDP).
Using the information about unemployment, inflation
(Week 2 report), and trade, what is your general assessment of the
country? Are they experiencing stability and growth or an economic crisis?
Please use your own words.
This video mainly focuses on
the U3 Unemployment Rate, but it also shows the influence of labor
force participation on the U3 rate. While not specifically noting the
U6 rate, it does refer to other rates that provide a more accurate
picture, that is a reference to the U6 rate.
Note: The video has Closed
Captioning. To activate it, start the video, mouse over the
bottom of the video and click on the CC icon, then select from the menu.
This week we are going to look into the labor market in some
depth. We shall be examining unemployment as well as the labor force
participation rate.
This week you will examine the U3 unemployment
rate (often called the Headline Rate because it is the one most often
reported by the media) and the U6 unemployment rate (a more
inclusive measure of unemployment) in detail. This activity
will give you a deeper understanding of the different unemployment measures
available to analyze what is occurring in the national labor market.
Assignment Summary:
Watch the above video and videos 1 and 2 under the Week 3
videos above;
Go to the Bureau of Labor Statistics ( and find the current:
labor force participation rate
the U3 (Headline) unemployment rate, and,
the U6 unemployment rate;
What are the differences between the U3 and U6 unemployment
rates? Note not only the unemployment rate percentages but also who is
counted in each of the two measures.
After examining the information and views found in the above
activities, what factors are contributing to the current unemployment rate
and the current labor participation rate? Support your view with data from
the BLS, information from the readings, and the videos and concepts from
the textbook readings (chapters 28-31).
Post your views to the discussion board and refer to at least
two different concepts from this week’s Chapters (using CAPITAL LETTERS).
Your illustration of concepts MUST include an explanation of why you think
they are relevant to the week’s topic using specific information from the
articles, videos, and other research that you have done.
Post for a minimum of three posts. Failure to meet
these minimum posting requirements results in point loss.
· Include a word count on each post. Each post submitted
should be between 250 – 300 words. Keep them short, specific, and clear.
All of your posts should sum to a minimum of 500
Remember to document all use of sources by using
citations and references. These should be in APA format.
Please review Plagiarism Powerpoints ( PLAGIARISM.ppt Plagiarism – Alternative
Formats ) and be sure to provide references
(APA.ppt Click for more options ), including URLs where
appropriate, to all works that you cite.

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