After completing reading about employment/unemployment, discuss briefly about the questions listed below. And provide concrete examples of each question.
Visit the Bureau of Labor Statistics at (http://www.bls.gov/eag/eag.us.htm) and click on Back Data for the unemployment rate.
Question 1: What is the trend in the unemployment rate over the last two years?
Question 2: How would this trend be reflected in the nation’s production possibilities?