Arrange the following steps in the process of understanding the impact of unemployment rates on economic health from initial assessment to final analysis: 1. Calculate the cyclical unemployment rate. 2. Compare actual unemployment with the natural rate. 3. Analyze the implications for economic policy. 4. Identify the type of unemployment affecting the economy.

To understand how unemployment rates affect economic health, we start by identifying the type of unemployment affecting the economy, such as cyclical or structural. Once we know the type, we can calculate the cyclical unemployment rate to see how it compares to the natural rate of unemployment, which is the level expected in a healthy economy. After this comparison, we analyze the implications for economic policy, determining what actions might be needed to address high unemployment. For example, if cyclical unemployment is high, it may suggest that the economy is in a recession, prompting the government to consider stimulus measures. Finally, the insights gained from these steps lead to a comprehensive analysis of how unemployment impacts overall economic health.