Labor force participation rate

Unemployment is one of the major concerns that people have in today’s economy, since losing one’s job can be one of the most devastating events a person can experience. But what do the numbers actually mean? What is the actual state of the economy, in terms of its ability to generate jobs for its citizens? Questions: *What is the labor force participation rate? *What was the labor force participation rate in 2008? *How has it changed since 2008 and what does this change imply for the state of the economy? *Does the labor force participation rate effect the unemployment rates reported in the media? *How is unemployment measured and reported? *What is a discouraged worker? Are they included in the basic unemployment rate? * Are they included in any measure of unemployment? *How has the number of discouraged workers changed since 2008? * How does the exclusion of the discouraged worker affect the basic unemployment rate reported in the media? *What is frictional unemployment? What is structural unemployment? *What is cyclical unemployment? *What economic policies should be used to deal with these types of unemployment? *Which type is most prevalent in today’s economy? *Unemployment insurance is designed to help the unemployed. *Do these benefits encourage or discourage a person from looking for work? *How long should these benefits last? *Does the existence of unions help or hurt the overall economy and the employment rate? Why or why not? Deliverables: above-noted concerns and meets APA standards. Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.