Title: Module 2 Introduction: (CU2 M2)
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 2 Module 2 - Unemployment

The measurement of unemployment is the main focus of this Module. The content explains how information about the working age population, employed workers, and unemployed individuals, looking or not looking for work, is used to calculate the unemployment rate. In addition, different types of unemployment and potential reasons for unemployment are introduced.

Module Outcomes:

- Define the unemployment rate in words and know its formula.
- Calculate the unemployment rate when given the relevant statistics.
- Distinguish between frictional, structural, and cyclical unemployment.