ECON 410 — Module D: Unemployment

Adjust the labor market parameters. Watch all key statistics — including U-3 vs U-6 — update instantly.

Adult population (16+, millions)260M

Labor force participation rate (%)63.5%

Unemployment rate U-3 (%)4.2%

Discouraged workers (M)1.5M

Part-time for economic reasons (M)4.2M

Labor force

165.1M

Employed

158.1M

Unemployed (U-3)

6.9M

Not in labor force

94.9M

U-3 (official)

4.2%

U-6 (broad)

6.9%

Employed Unemployed (U-3) Discouraged Not in labor force

Each square ≈ 2 million people

Unemployment breakdown by type (estimated)

Frictional~1.5%

Structural~1.2%

Cyclical (= UR − NRU)~1.5%

NRU ≈ 4.0% (frictional + structural). Cyclical = max(0, UR − 4.0%). U-6 includes discouraged workers + those working part-time involuntarily.

Classify each worker's situation as Frictional, Structural, or Cyclical unemployment. A new set is generated each time.

Apply an economic shock and see how the unemployment type breakdown changes — and what policy response is appropriate.

Unemployment composition after shock

Frictional1.5%

Structural1.2%

Cyclical0.0%

Total UR4.0%

Calculate each answer on paper first, then select your choice below.

Score: 0 / 0