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

2. 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

3. 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

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

5. See You Back Here For Video #45: Environmental And Healthcare Policy
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