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For more information, please see full course syllabus of AP Macroeconomics
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  • The unemployment rate is the amount of unemployed people divided by the civilian labor force
  • The civilian labor force includes employed and unemployed, but does not include students, retired, house spouses, and “discouraged workers,” those who have given up looking for a job
  • The three types of unemployment include frictional, structural, and cyclical unemployment
  • Natural unemployment include frictional and structural unemployment
  • The actual unemployment rate increases with the cyclical unemployment rate


Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.

  • Intro 0:00
  • Lesson Overview 0:14
  • Am I Unemployed? 1:59
  • Unemployment Measures 4:43
    • Employed
    • Unemployed
    • Labor Force
    • Labor Force Participation
    • Unemployment Rate
  • Unemployment Example 7:56
  • Limitations of the Unemployment Rate 11:06
    • Unemployment Tends to Understand the Employment Situation
    • Marginally Attached to Labor Force
    • Discouraged Worker
    • Underemployed
  • Types of Unemployment 14:37
    • Frictional Unemployment
    • Structural Unemployment
    • Cyclical Unemployment
  • Effect of Minimum Wage of Labor Market 19:00
  • Natural Unemployment Rate 22:36
    • Natural Unemployment
    • Actual Unemployment
    • Full Employment
  • Unemployment Examples 25:54
  • US Unemployment Data 26:16
    • Unemployment Rate Declined in November 2013
    • Civilian Labor Force Rose
    • Return of Furloughed Federal Government Worker
    • 2.1 Million Marginally Attached to the Labor Force Went Down
    • Reasons to Not Join Labor Force
    • Average Workweek Increased
    • Average Hourly Earnings Increased
  • Trends in US Unemployment 32:20
  • Unemployment Rate Example 34:29