Beyond the Headlines | True State of Unemployment Today

Have you ever wondered what the normal level of unemployment is?
In this video, we explore the history and concept of unemployment as a macroeconomic indicator, and explain how it's calculated.
We also take a closer look at the non-participation rate, which is an important indicator of the labor market's overall health.
One key factor to keep in mind is the natural rate of unemployment, which represents the level of unemployment that exists when the economy is operating at its potential output. This rate varies across countries and over time and statistically, we live in the greatest time ever!
Whether you're worried about unemployment or simply curious about the labor market, this video is for you.