Channel: Alanis Business Academy

Category: Education

Tags: underemployment rate tutorialbusinessunderemployment rateunderemployment rate explainedwhat is the unemployment rateu6 unemploymentemploymentu3 vs u6 unemploymentunemployment rate explainedintroduction to businessunemployment rate lessonhow does the unemployment rate workeconomicsu3 unemploymentunemployment rate tutorialeconomics lessonseconomic indicatorsunemploymentwhat is the underemployment rate

Description: Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: youtube.com/alanisbusinessacademy?sub_confirmation=1 I'm on a bit of a role with two new videos within a week's time. Hope everything is healthy and safe. Reported by the U.S. Bureau of Labor Statistics, the unemployment rate tells us how many people are out of work in the U.S. This is an important statistic, as higher levels of unemployment are usually indicative of poorer economic conditions. While helpful, the unemployment rate is not without limitations. In this lecture, we'll talk about the basic elements of the unemployment rate as well as highlight another form of measuring unemployment that helps us get a clearer picture of the health of the U.S. economy. Enjoy!