Explain types of unemployment along with a brief description, Microeconomics

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Explain types of unemployment along with a brief description

Problem

I. Explain the types of unemployment, along with a brief description of each. Which one do you think you might be most likely to experience?

II. There are currently 13.6 unemployed people in the US. The current amount of people working is 148.3 million. The total eligible people to work is 262.4 million.

i. What is the unemployment rate?
ii. What is the labor participation rate?
iii. Do you think this is above or below the natural unemployment rate?

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Microeconomics: Explain types of unemployment along with a brief description

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