Paul Howard ELPS 302 Assignment 10 & 11 UNEMPLOYMENT
REGIONS AT RECESSION’S PEAK
U.S. SITUATION Current Rate: U3 = 9.1% U6 = 15.8% LFPR = 64.2% 8,000,000 jobs lost over the last 4 years
CONTEXT Last 40 Years’ U3 Unemployment Rate Job Loss Since 2004
PATH TO RECOVERY? CPI Salary Growth
THE FUTURE Bureau of Labor Statistics: By 2018… 15,300,000 More jobs Unemployment under 7% Younger and more diverse Labor Force Increase in professional labor Low growth in LFPR, 8.2%
ENDING THOUGHTS Does the U3 or the U6 more accurately depict the unemployment situation? How might current and future inflation rates effect the employment recovery? What unseen factors may effect the BLS’ predictions for the next 10 years?
WORKS CITED Slide Two: Staihr, Dr. Brian. "Macro Variables." Econ 104. University of Kansas, Lawrence. 14 June Lecture. Slide Three: Stecyk, Kevin. "Four Factors Guiding Blue Nile's Price Range - Seeking Alpha." Stock Market News & Financial Analysis - Seeking Alpha. Seeking Alpha, 23 Feb Web. 21 June Slide Four:Ritholtz, Barry. "More Unemployment Charts." The Big Picture. Ginormous Content Limited, 11 Jan Web. 21 June
WORKS CITED Slide 5: Institute For Compensation Studies. "ICS Commentary - U.S. Employment Cost Index, Q3 2010, November 1, 2010." ILR School - News. Cornell University, 1 Nov Web. 21 June Slide 6: BLS. "Employment Projections: Summary." U.S. Bureau of Labor Statistics. United States Department of Labor, 11 Dec Web. 21 June