Long-term Unemployment: What Do We Know? (Links to an external site.) (Links to an external site.)
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After reading this article, I'd like you to think about the three major types of unemployment (Frictional, Cyclical, and Structural) and identify the one you believe is the most crucial type of unemployment the President and the Federal Reserve should address. Essentially, if you could only choose one to improve, which do you believe should be addressed by the US and why?
Second, consider which of the three types of unemployment you expect to impact you the most. Of the three types of unemployment, which one would affect you the most and what types of steps could be taken to address that type of unemployment? Please explain why this type of unemployment would be your personal top priority.