Gov Review Video #44: Unemployment and Inflation

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Presentation transcript:

Gov Review Video #44: Unemployment and Inflation Everything You Need To Know About Unemployment And Inflation To Succeed In Gov

Unemployment Unemployment rate: % of Americans that are ACTIVELY looking for work and cannot find it Does NOT count those that have given up looking for a job, or part-time employees Usually between 5-8% Great Depression - 20%! Great Recession - 10% The president’s popularity is often linked with unemployment

Inflation What is it? When the price of goods increases How is it measured? Consumer Price Index (CPI) Compares the price of similar goods across years to measure increases (inflation) or decreases (deflation) in prices Inflation can be tied to the cost of energy (oil) Oil Crisis of the 1970s

Stagflation What is it? High unemployment and high inflation Every politician’s nightmare (especially the president) 1970s - Vietnam and Oil Crisis

See You Back Here For Video #45: Environmental And Healthcare Policy Thanks for watching Best of luck!