Simulation: Unemployment Calculation and Labor Force Economics!

This simulations is designed to allow students to engage in a simulation that will emphasize the following.

1. Number of people in the labor force

2. Number of employed people

3. Number of unemployed persons

4. Unemployment rate

5. Labor force participation rate

I use these for my on-level Economics, Honors, and Macroeconomics courses.

Objective

Students will engage in a simulation that will emphasize the number of people in the labor force, number of employed people, and unemployed, the unemployment rate, and the labor force participation rate.

Included in Product:

1. Teacher Instructions for activity

2. Power Point for the activity

3. Excel spreadsheet to calculate labor force, unemployment rate, and labor force participation rate.

4. Blank worksheet for students to complete