I’m working on a macro economics discussion question and need an explanation and answer to help me learn.
Visit the Bureau of Labor Statistics website with this link https://www.bls.gov/cps/
and identify the national unemployment rate. How do you interpret this rate? Next, read about the Unemployment Insurance in the chapter on Unemployment. Identify at least two changes to the Unemployment Insurance Policy that were instituted in March 2020 in response to the COVID-19 crisis. You can read more about the Unemployment policies here with this Link https://www.usa.gov/unemployment . What might be some of the short-term and long-term consequences of this change.
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