Macro #13: Types of Unemployment. 1. Frictional Unempl. that occurs b/c employee is looking for the BEST job –Short term unemployment.

Slides:

Advertisements

Similar presentations

Jobs and Unemployment The labor force

Advertisements

Unemployment Insurance MGMT Managing Employee Reward Systems.

Year 10 GCSE Economics Unemployment. s Current news.

Chapter14.2Notes: Unemployment. I.Measuring unemployment A. To be considered unemployment, you must meet the following: 1. > 18 yrs. old 2. Available.

Jobs and Unemployment Outline 1.The labor force 2.The labor force participation rate 3.The unemployment rate 4.Sources of unemployment.

Unit 6 Unemployment Top Five Concepts

Unemployment Insurance By: Katie Miller Bell: 3. Created in 1935 in response to the Great Depression, when millions of people lost their jobs.

Wages The Scenario: -The auto manufacturer is facing increased competition from overseas automobile companies and needs to cut costs in order to stay competitive.

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

NEDARBAS (UNEMPLOYMENT)

Date: April 8, 2013 Topic: Unemployment Aim: How does unemployment manifest itself? Do Now: Multiple Choice Questions.

Extended Bellringer. Create a visual in which you outline the four types of unemployment Define unemployment What are the three phases of the business.

 The unemployment rate = the percentage of the labor force that is jobless and actively looking for work Based on a country’s labor force, not the entire.

MACROECONOMICS Unit 4 Unemployment Top Five Concepts.

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

Unemployment Section 7- How unemployment influences our economy.

Unit 2: Macro Measures 1.

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.

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

Economics Unit 6, Lesson 3©2012, TESCCC. Objectives Define unemployment Describe the different types of unemployment Describe how full employment is measured.

UNEMPLOYMENT. UNEMPLOYMENT IN AMERICA Unemployment As of September 2007 IN THE WORKFORCE: 153,446,000 EMPLOYED: 146,251,251 UNEMPLOYED: 7,207,000 NOT.

Is there a time in your life when you wouldn’t be worried if you didn’t have a job? When? Why? Unemployed Worker in Boston, 1972.

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

Chapter 13: Economic Challenges Section 1. Copyright © Pearson Education, Inc. Slide 2 Chapter 13, Section 1 Objectives 1.Differentiate between frictional,

Unit 2: Macro Measures and International Trade 1.

Alomar_111_91 Instability: Unemployment and inflation The Twin Problems.

Macro Goals. Recall goals of Macro Economic Growth – measured by GDP Full Employment – Measured by unemployment rate Price Stability – measured by inflation.

Economics Unit 6, Lesson 3©2012, TESCCC. Objectives Define unemployment Describe the different types of unemployment Describe how full employment is measured.

Recessions: An Economy’s Second Worst Nightmare. A good economy depends on a lot of production and consumption- a bad economy lacks in one of the two.

Unemployment What is unemployment rate?. Unemployment Measuring Unemployment Measuring Unemployment Identifying the Employed and Unemployed Employed Employed.

Economics Unit 6, Lesson 3©2012, TESCCC. Unemployment The number of people (over 16) who do not have jobs but are actively seeking a job. ©2012, TESCCC.

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.

1. Achieve full employment status - Try to get everyone a job and have them keep that job for extended periods of time 2. Keep prices low - Low inflation.

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.

Macro Measures and International Trade 1. 9_______ 10___________ 11_________ _____ Review 1.Define GDP? What are the four components? 2.What.

Causes of unemployment

 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.

Unemployment Chapter #7. Introduction Unemployment & output are tightly linked – but not perfect Unemployment is a lagging economic indicator –Can be.

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

Business Cycles and Unemployment

Economics Ch. 13 Economic Challenges.

Unemployment 13.1 Why should our nation be concerned about unemployment? Gauges the economic health of a country by tracking the number of people who are.

Macro Measures and International Trade

Macro Measures and International Trade

Unemployment/Inflation Chapter 13

Types of Unemployment.

Unemployment vs Employment

UNEMPLOYMENT Chapter 11, Section 1.

Fiscal Policy Fiscal Policy - Government effort to control the economy and maintain stable prices, full employment, and economic growth. Fiscal Policy.

Types of Unemployment.

Employment and Unemployment

Types of Unemployment.

Types of Unemployment.

Chapter 13: Economic Challenges Section 1

TYPES OF UNEMPLOYMENT 1) VOLUNTARY UNEMPLOYMENT

Types of Unemployment.

Economic Challenges Unemployment.

Chapter 13: Economic Challenges Section 1

I can identify the different types of unemployment.

Gross Domestic Product Business Cycle Inflation Types of Unemployment

(YOU NEED TO KNOW THESE)

Macro Measures and International Trade

Unemployment 13.1 Why should our nation be concerned about unemployment? Gauges the economic health of a country by tracking the number of people who are.

Presentation transcript:

Macro #13: Types of Unemployment

1. Frictional Unempl. that occurs b/c employee is looking for the BEST job –Short term unemployment

2. Structural Unemp. that occurs due to a lack of skills –ATMs put bank tellers out of work –May need to retrain to find a job

3. Seasonal Unempl. due to weather / season –EX: water park workers during winter

4. Cyclical Unempl. due to an economic downturn / recession

Unemployment Benefits Eligible if: –Need to have earned a certain amount –Lost job due to no fault of your own Laid off: lose job b/c company can no longer afford your position quit only for a very good reason can’t be fired for misconduct! –Must be looking for work!

Beni’s Get up to ½ of your salary or up to $450/week Up to 26 weeks After that you can file for an federal extension passed by Cong in 2008 (possibly up to 73 weeks)

Of the four types of unemployment, which type is most likely to be out of work for the longest amount of time?