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Focus on Economic Data: U.S. Employment and the Unemployment Rate, May 8, 2009
Source: Council for Economic Education (EconEdLink) | Type: Lesson

This lesson examines the May 8, 2009, U.S. Department of Labor, Bureau of Labor Statistics, announcement of employment data and the unemployment rate for the month of April 2009. This lesson introduces the basic concepts of the BLS employment and unemployment data. The meaning and importance of the data are discussed. Assessment exercises are included for reinforcing knowledge of the concepts.

Grades:

• 9-12

Concepts:

• Full Employment
• Labor Force
• Labor Market
• Macroeconomic Indicators
• Types of Unemployment
• Unemployment
• Unemployment Rate

Standards:

• Economics 13: Role of Resources in Determining Income
• Economics 15: Growth
• Economics 17: Using Cost/Benefit Analysis to Evaluate Govern
• Economics 18: Macroeconomy-Income/Employment, Prices
• Economics 19: Unemployment and Inflation

Related Resources:

• Focus on Economic Data: U.S. Employment and the Unemployment Rate, February 6, 2009
• Focus on Economic Data: U.S. Employment and the Unemployment Rate, October 3, 2008
• Focus on Economic Data: U.S. Employment and the Unemployment Rate, August 2012

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