1. Unemployment Game- youtube clip READ

2.  The unemployment rate is the percent of the civilian labor force that is without jobs, but ACTIVELY looking for work ◦ high rate is a sign that something is wrong in the economy ◦ Can reduce the standard of living ◦ Full employment occurs at a rate of 4- 6% COPY

3.  The unemployment rate does not include those who are out of work and have stopped looking for work. ◦ unemployment is difficult to measure ◦ lack of manpower ◦ people working “off the books”, but receiving unemployment ◦ black market:  tax evaders  gamblers  drug traffickers COPY

4.  Cyclical: associated with fluctuations in the business cycle ◦ ex. Higher unemployment during recessions/lower in recovery  Structural: caused by fundamental changes in the economy ◦ ex. Technological advances or discovery of natural resources COPY

5.  Seasonal: caused by changes in seasons or weather ◦ ex. Lifeguards or Santa Clause  Frictional: temporary unemployment because of firings, layoffs voluntary searches for new jobs, etc. Always exists COPY

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7. ___ 1. A Wisconsin construction worker cannot find work in the winter. ___ 2. A steelworker is laid off because of a long recession. ___ 3. A computer programmer quits her job in Chicago to look for a new job in San Diego. ___ 4. A store clerk loses her job because sales are slow during a business slump. ___ 5. A high school drop out applies for several jobs but is told each time that he is not qualified. ___ 6. An unemployed college senior is looking for her first job. ___ 7. An unemployed auto worker has been replaced by a robot. ___ 8. A person rejects a job offer because the wage is too low. Classify these scenarios using your notes. F =Frictional C =Cyclical St =Structural S =Seasonal ANSWER

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9.  How do you define poverty?  What does it look like? READ

10.  The income level below which income is insufficient to support a family or household. COPY

11.  The percentage of people who live in households with income below the official poverty line.  Poverty rates are often broken into smaller groups and analyzed according to: Race and ethnic origin Type of family Age Residence COPY

12.  Lack of education High school drop out wage: $20,724  Location Inner city vs. Suburbs  Racial and Gender Discrimination Women getting paid less than men This kind of discrimination is going away  Economic Shifts “last hired and first fired.”  Shifts in family structure Single parent homes become more common COPY

13.  Income Distribution This is how the nation’s total income is distributed among its population  Income Inequality Compare the difference in income between the nations richest 5% to the poorest 5% COPY

14.  Enterprise Zones Encourage companies to relocate to tax free zones  Employment Assistance Government job training programs to assist those looking for work  Welfare Reform Discouraged welfare policies that encouraged people on assistance to NOT look for work COPY

15.  This is a poverty measure based on a poor standard of living or a low income relative to the rest of society  How would this change if you compared the lives of our poorest to the poorest of another country? COPY

16.  https://www.youtube.com/watch?v=qjsrdcb bPBU https://www.youtube.com/watch?v=qjsrdcb bPBU  Answer the questions on your handout while you watch the video. ANSWER

17.  Get a stamp on your handout for today.

18. ___ 1. A Wisconsin construction worker cannot find work in the winter. ___ 2. A steelworker is laid off because of a long recession. ___ 3. A computer programmer quits her job in Chicago to look for a new job in San Diego. ___ 4. A store clerk loses her job because sales are slow during a business slump. ___ 5. A high school drop out applies for several jobs but is told each time that he is not qualified. ___ 6. An unemployed college senior is looking for her first job. ___ 7. An unemployed auto worker has been replaced by a robot. ___ 8. A person rejects a job offer because the wage is too low. Classify these scenarios using your notes. F =Frictional C =Cyclical St =Structural S =Seasonal ANSWER

19.  How does the government help Lee Scazari make ends meet? ________________________________________  Do people in poverty have savings? ____ Why or why not? ___________________________________________  Geographically where is poverty moving to? ________  What challenges do communities face because of this shift? (list and explain 3). ________________________ ______________________________________________  How has inflation effected real wages over the last 20 years? ________________________________________  Do you think tax payers should help the impoverished? ___ Why or why not?________________________________ ______________________________________________

20. _S_ 1. A Wisconsin construction worker cannot find work in the winter. _ST__ 2. A steelworker is laid off because of a long recession. _F__ 3. A computer programmer quits her job in Chicago to look for a new job in San Diego. _C__ 4. A store clerk loses her job because sales are slow during a business slump. _ST__ 5. A high school drop out applies for several jobs but is told each time that he is not qualified. _F__ 6. An unemployed college senior is looking for her first job. _ST__ 7. An unemployed auto worker has been replaced by a robot. _F__ 8. A person rejects a job offer because the wage is too low. Classify these scenarios using your notes. F =Frictional C =Cyclical St =Structural S =Seasonal ANSWER

21. 1. Many of the workers lost their jobs two years ago when the local street mill automated much of its operations. Most of these people do not have the skills to qualify for other jobs. 2. People in a resort area that is busy in the summer and winter try to make enough during these times of the year to tide theme over during the slow times. 3. Area lumber companies have been hit hard by foreign competition, and until they regain their market share, they have had to lay off hundreds of workers. 4. Several thousand people have moved to the Bay Area in the last six months, and quite as number remain unemployed and are still looking for the jobs they want. 5. More and more miners in Coal Valley have lost their jobs as natural gas and oil replace coal as the fuel in nation’s factories.

22. 6. The government stopped funding for an advanced fighter plane. This caused major cutbacks at Dynaflyte Manufacturing and led to layoffs at other companies that manufacture parts for Dynaflyte. 7. Many of the migrant farm workers in Sunrise Valley have steady jobs from March until October. In the other months, they either remain unemployed or travel to other regions in search of work. 8. Unionized textile mill workers in Regentown have been unemployed since they went out on strike and were replaced by nonunion workers. Many are still searching for work. 9. Many airline personnel lost their jobs that year because of the mergers in the industry and the resulting drive to end overlapping jobs. 10. Unemployment in Cylinder City is higher than in other manufacturing center because the recession has squashed auto sales. Two-thirds of the country cars are manufactured here.