Reading Material - Unit 2 & 4

This New York Times article highlights the importance of understanding the method used to measure unemployment. While the official US jobless rate was 10.2% in October, an alternative measure that has a broader definition was recorded at 17.5%.

Unit 2 students (previously Unit 3), can you answer the following?

1) Describe the various ways that unemployment is measured in the UK? (e.g. JSA/claimant count, Labour Force survey)

2) Outline two key reasons behind the rising unemployment rate in the US?