The unemployment rate measures the number adults who are looking for work but cannot find employment. It doesn’t count adults who have dropped out of the labor force and aren’t actively seeking a job. That’s why it is helpful to also study the employment-to-population ratio, which compares working individuals to the whole population.

For more information, visit the PolicyEd page here: http://bit.ly/Econ1UnRate

Additional Resources:

To view the other videos in the Econ 1 series, visit: https://www.policyed.org/econ1

To view all of the online classwork to Econ 1: Principles of Economics, visit: http://stanford.io/2Gcqlp2

John Taylor discusses the financial crisis in “10 Years After The Financial Crisis, Have We Learned Anything?,” available here: https://cnnmon.ie/2FZGoJy

Read John Cochrane’s blog, “Unemployment Insurance and Unemployment,” available here: https://bit.ly/2G8vi1p

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