Business Cycle & Unemployment. Turn to a new page & label it: UNEMPLOYMENT  On a post-it:  Standard: SSEMA1a-d  GOALS: I will be able to define and.

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Presentation transcript:

Business Cycle & Unemployment

Turn to a new page & label it: UNEMPLOYMENT  On a post-it:  Standard: SSEMA1a-d  GOALS: I will be able to define and recognize the types of unemployment and examples. I will also be able to calculate the unemployment rate.

UNEMPLOYMENT 3 Main Types : Labor Force: Unemply. Rate Use your textbook to define the 3 main types of unemployment: 1.Frictional 2.Structural 3.Cyclical Other 2 types include: Seasonal Technological

UNEMPLOYMENT 3 Main Types : Labor Force: Unemply. Rate Labor Force… 1.16 yrs old or above 2.Either be EMPLOYED, or 3.ACTIVELY seeking employment Unemployed: available for work who are actively looking for a job during most recent survey week, worked less than 1 hr for pay

UNEMPLOYMENT 3 Main Types : Labor Force: Unemply. Rate This is where your assignment will go. You will practice identifying the different types of unemployment.

UNEMPLOYMENT 3 Main Types : Labor Force: Unemply. Rate This is where your assignment will go. You will practice identifying the different types of unemployment. This will be the calculating the unemployment rate worksheet. Tape it on the seam. Labor Force + Not in Labor Force= Total Population Employed + Unemployed= Labor Force