How is unemployment calculated, and what is and is not included in the calculation? What were the unemployment figures for the last three quarters in the United States?

Assignment Question

Prior to beginning work on this discussion, Review Chapter 8 of Macroeconomics: Private and Public Choice. Review Chapter 3 of Inflation: What It Is, Why It’s Bad, and How to Fix It.

In your post, address the following questions: How is unemployment calculated, and what is and is not included in the calculation? What were the unemployment figures for the last three quarters in the United States? Why is unemployment often mentioned in business news and used as an important metric for the economy? What might cause the unemployment numbers to be questioned from an accuracy standpoint and a relevancy perspective? How do the phases of the business cycle impact unemployment?

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and credible resource. Use the APA: Citing Within Your PaperLinks to an external site. and the APA: Formatting Your References ListLinks to an external site. resources from the UAGC Writing Center to appropriately cite and reference your sources.