In order to receive full credit for this discussion, you need to post (1) an answer of at least 100 words to at least one of the four main groups of questions below, and (2) a substantive response of at least 50 words to a comment on this discussion board posted by another student. A substantive response is more than just saying you agree or disagree. Explain why. The goal is to motivate careful consideration and discussion of the measurement of unemployment.
(1) Does education pay? Do people with higher educational attainment typically earn higher incomes? Are they less likely to be unemployed? For more information on the relationship between educational attainment, median income, and unemployment rates, you may use this BLS webpage: https://www.bls.gov/careeroutlook/2016/data-on-display/education-matters.htm (Links to an external site.)or find other sources. Make sure to cite any sources used.
(2) What about a person who has given-up looking for a job? Is that person “unemployed”? The BLS definition says no. (That person is instead classified as not in the labor force.) What do you think? Should such people be counted as unemployed? Explain.
(3) Does unemployment compensation increase unemployment? Between 2008 and 2010 federal laws extended eligibility for unemployment compensation for up to 99 weeks in states with persistently high unemployment rates. Some argue that longer eligibility for unemployment compensation may, in fact, discourage people from seriously seeking employment. Do you agree or disagree? Explain why.
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