Causes of unemployment

Slides:

Advertisements

Similar presentations

UNEMPLOYMENT Demoralised. Calculation & Caveat Percentages “stock” concept (pt in time) Different countries use different criteria Only registered unemployed.

Advertisements

Introduction to Macroeconomics Chapter 6 Unemployment and the Labor Market © Tancred Lidderdale

Economic Test Jeopardy Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy.

Year 10 GCSE Economics Unemployment. s Current news.

Chapter 6 homework Questions 6, 10, 14, and 16. Chapter 7 Unemployment and Employment.

Chapter 3 Assessing Economic Conditions. Learning Objectives  Identify the macroeconomic factors that affect business performance.  Explain how market.

A model of the natural rate Notation: L = # of workers in labor force E = # of employed workers U = # of unemployed U/L = unemployment rate.

THE NATURAL UNEMPLOYMENT RATE Recall: 1) when the economy is at full employment, there is still some amount of unemployment. (recall the definition of.

Unemployment and the Business Cycle

Unemployment. Types of Unemployment Frictional Unemployment: Unemployment caused when people move from job to job and claim benefit in the meantime The.

Chapter 8 Unemployment and Inflation. Business Cycles  Business Cycle: the pattern of real GDP rising and falling.  Recession (Contraction): two or.

1 Business Cycles Business Cycle: the pattern of real GDP rising and falling: expansions and contractions. Recession (Contraction): two or more successive.

Underemployment When individuals are employed but are working less hours than they would like or in positions below their skill level.

The Labor Market and Potential GDP The Supply of Labor –The quantity of labor supplied is the number of labor hours that all the households in the economy.

Recessionary and Inflationary Gaps and Fiscal Policy

NEDARBAS (UNEMPLOYMENT)

 What does unemployed mean?  What do you think is a normal unemployment rate for a country  List of countries by unemployment rate

MODULE ONE: TOPIC 2. SCHOOLS OF THOUGHT Classical Economists Adam Smith Keynesian Economists John Meynard Keynes.

Unemployment Definition – someone over 15 years of age not working but actively seeking work. One hour of paid work per week is considered as employment.

EQUILIBRIUM. IN YOUR NOTEBOOK If you have higher supply than demand, what is it called? If you have higher demand than supply, what is it called?

Lecture 4 Unemployment and Labor Market. UNEMPLOYMENT Under 16 years (70.5 Million) A distribution of Total Population to Labor Force, Employment, and.

0 CHAPTER 6 Unemployment U P D A T E Chapter 6 Unemployment.

 Working population in the UK is 30 m  There are people with no jobs but who are actively seeking work but can’t find work.  International Labour Organisation.

UNEMPLOYMENT Think of all the words connected to unemployment and fill in as many as you can think apply to the word.

Unemployment One way the economists measure the health of the economy Four basic kinds of unemployment -frictional -seasonal -structural -cyclical.

 Its not just people who don’t have a job anymore What causes unemployment?

By: Amber Belt 5 th period. Types of Unemployment It always exists even in a booming economy. Not just a personal issue it is an issue nationally. Frictional.

CHAPTER 13 Economic Challenges

Powerpoint Templates Page 1. Powerpoint Templates Page 2.

Economic Challenges Unemployment. Unemployment What’s a good definition for Unemployment? –A condition in which a willing worker is lacking a job (and.

Lecture 5 Unemployment and Labor Market

Principles of Macroeconomics Lecture 5 UNEMPLOYMENT.

Alomar_111_91 Instability: Unemployment and inflation The Twin Problems.

UWC in Mostar Academic year 2007 / 2008 ECONOMICS Standard Level – Second Year Azra Bajramović.

IGCSE®/O Level Economics

Unemployment Various definitions: –The number of people of working age who are without a job –The Claimant Count – those actively seeking work and claiming.

Unemployment Rate It is the % of workers (over the age of 18) in an economy that do not have a job, and are actively looking for a job The government of.

To be considered Unemployed….. 1. must be 16 yr old of age or older 2. must have been currently looking for employment in past 4 weeks 3. still have not.

If it’s in red it’s got to be in your head. If it’s in blue it may be required of you. Both red and black give it back If it’s in red it’s got to be in.

Labor, Wages, Unemployment. Wages The payment for your work. Can be hourly, weekly, bi-weekly, monthly, yearly or contract (for the job)

 Employed-Individuals who are age 16 and older, who work for pay or profit, one or more hours, work without pay for a family business for 15 or more.

TYPES & CAUSES OF UNEMPLOYMENT

Powerpoint Jeopardy VocabularyGDPUnemploymentInflationPotpourri

Employment  Activity or Participation Rate is the percentage of any given group in the population either in work or unemployed.  Net Migration is immigration.

PRINCIPLES OF ECONOMICS Chapter 21 Unemployment PowerPoint Image Slideshow.

Low Unemployment Chapter 17. Unemployment Rate An indication of the health of the economy Falling rate = improved economy Increasing rate = worsening.

Unemployment By the end of this session, you:By the end of this session, you: –Must know definitions for full employment. –Should understand the causes.

Causes of unemployment

Unemployment – what does this show?

4.4 Employment and Unemployment

Unemployment By the end of this session, you:

Unemployment Learning outcome AD Define unemployment

Types of Unemployment.

Unemployment and its Natural Rate (Chapter 28 in the book)

Causes of unemployment

TYPES OF UNEMPLOYMENT Frictional Structural Seasonal Cyclical.

THE PROBLEM OF UNEMPLOYMENT

4-Types of Unemployment & Full Employment Theory

Types of Unemployment.

TYPES OF UNEMPLOYMENT 1) VOLUNTARY UNEMPLOYMENT

Types of Unemployment.

Economic Challenges Unemployment.

I can identify the different types of unemployment.

Chapter Seven: Unemployment.

Economic Challenges.

Chapter 13: Economic Challenges

Presentation transcript:

Causes of unemployment

Types/Causes of Unemployment Frictional Structural Demand deficient, cyclical Real wage inflexibility Seasonal

Frictional Unemployment always some new graduates newly redundant career changers due to imperfect information must bring jobs & workers together

Structural Unemployment Mismatch between workers & skills required capital-labour substitution long-run decline in an industry technological change requires retraining must bring jobs & workers together

Demand deficient or cyclical unemployment due to economic downturn lack of demand in the economy redundancies associated with recession requires  total demand

Seasonal Unemployment Some jobs are more focused on certain seasons tourism farming / fishing public services (gardening, snow removal) requires matching up of skills, & opposite season jobs

Real wage inflexibility real wages above market equilibrium P S labour Min Wage D labour Qd Qs Q excess supply of labour = unemployment: firms don’t want as many workers at the higher wage

In pairs work out what kind of unemployment these are