Download presentation
Presentation is loading. Please wait.
Published byBritney Dawson Modified over 5 years ago
1
Test & Notebook: 10/31 Warm Up: What is CPI and what does it measure?
Unemployment #38 Test & Notebook: 10/31 Warm Up: What is CPI and what does it measure?
2
Unemployment Unemployment – when people have no jobs and they are willing and seeking for work. Unemployment Rates = Unemployed Workers / Total Labor Force
3
Causes of Unemployment
Inflation Disability Recessions Rapid changes in technology Attitude towards employers Perception of employees Employee values Discriminating Factors like ethnicity, race, age etc. in work place
4
Year Annual 1948 3.8 1949 5.9 1950 5.3 1951 3.3 1952 3.0 1953 2.9 1954 5.5 1955 4.4 1956 4.1 1957 4.3 1958 6.8 1959 1960 1961 6.7 1962 1963 5.7 1964 5.2 1965 4.5 1966 1967 1968 3.6 1968 3.6 1969 3.5 1970 4.9 1971 5.9 1972 5.6 1973 1974 1975 8.5 1976 7.7 1977 7.1 1978 6.1 1979 5.8 1980 1981 7.6 1982 9.7 1983 9.6 1984 7.5 1985 7.2 1986 7.0 1987 6.2 1988 5.5 1989 5.3 1969 3.5 1970 4.9 1971 5.9 1972 5.6 1973 1974 1975 8.5 1976 7.7 1977 7.1 1978 6.1 1979 5.8 1980 1981 7.6 1982 9.7 1983 9.6 1984 7.5 1985 7.2 1986 7.0 1987 6.2 1988 5.5 1989 5.3 1990 5.6 1991 6.8 1992 7.5 1993 6.9 1994 6.1 1995 1996 5.4 1997 4.9 1998 4.5 1999 4.2 2000 4.0 2001 4.7 2002 5.8 2003 6.0 2004 5.5 2005 5.1 2006 4.6 2007 2008 2009 9.3 2010 9.6 2011 8.9
5
Types of Unemployment:
Normal, Transitional Unemployment exists at all times: when people move from job to job for better wages or wait for better opportunities. Casual and Seasonal Unemployment affected by weather conditions and casual unemployment, such as agriculture, dockyard, hotels, restaurants and construction business
6
Frictional Unemployment
jobs may exists but people do not take up jobs away from the home Structural Unemployment change in the demand for the products of a given industry Cyclical Unemployment both external and internal factors outlook: largely mastered by Government activity to control the development of cycles
7
Effects Wages inflation underemployment Labor force
8
Alternative measures of labor underutilization
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force. U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force. U-3 Total unemployed, as a percent of the civilian labor force. (The announced unemployment rate.) U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers. U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force. U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.
9
Coding Unemployment Determine if each individual is employed, unemployed, or not employed but no longer in the labor force. Color the boxes with scenarios of employed workers green. Color the boxes that represent people not in the labor force gray.
10
Color the boxes as follows:
Categorize unemployed workers into one of the four types of unemployment. Color the boxes as follows: frictional unemployment – brown structural unemployment – blue seasonal unemployment – yellow cyclical unemployment – red
11
Let's plug in some numbers!
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.