What are the different components of Employment? Who is in the Labor Force (LB) and Not in the Labor Force (NLF)? What are the three types of Unemployment? Explain the Natural Rate of Unemployment (NRU). How do you calculate the unemployment Rate (UR

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What are the different components of Employment?

Who is in the Labor Force (LB) and Not in the Labor Force (NLF)?

What are the three types of Unemployment?

Explain the Natural Rate of Unemployment (NRU).

How do you calculate the unemployment Rate (UR)?

Explain at least two criticism of how we measure unemployment rate.

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