Review the data on employment available from the Bureau of Labor Statistics: http://www.bls.gov/cps/cpsatabs.htm. Study the details in several of the historical tables of unemployment data. Describe the recent rate of unemployment and how it has changed

Review the data on employment available from the Bureau of Labor Statistics: http://www.bls.gov/cps/cpsatabs.htm. Study the details in several of the historical tables of unemployment data.

1. Describe the recent rate of unemployment and how it has changed over the last year.
2. Explain what has driven the unemployment rate and any recent changes.
3. Describe the role of cyclical, structural and frictional unemployment in the current unemployment situation.
4. Forecast the unemployment rate over the next three years and explain your answer.
5. Describe steps the government should be making to improve the employment situation (if any).