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Unemployment and the Unemployment Rate

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Uploaded on Feb 9, 2012

This video introduces the economic definition of unemployment and shows how to calculate the unemployment rate as well as a few other related statistics. It also gives a few reasons why the typical measure of unemployment can understate the true rate of unemployment.

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By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
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