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Paul Howard ELPS 302 Assignment 10 & 11 UNEMPLOYMENT.

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Presentation on theme: "Paul Howard ELPS 302 Assignment 10 & 11 UNEMPLOYMENT."— Presentation transcript:

1 Paul Howard ELPS 302 Assignment 10 & 11 UNEMPLOYMENT

2 REGIONS AT RECESSION’S PEAK

3 U.S. SITUATION Current Rate: U3 = 9.1% U6 = 15.8% LFPR = 64.2% 8,000,000 jobs lost over the last 4 years

4 CONTEXT Last 40 Years’ U3 Unemployment Rate Job Loss Since 2004

5 PATH TO RECOVERY? CPI Salary Growth

6 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%

7 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?

8 WORKS CITED Slide Two: Staihr, Dr. Brian. "Macro Variables." Econ 104. University of Kansas, Lawrence. 14 June 2011. 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. 2009. Web. 21 June 2011.. Slide Four:Ritholtz, Barry. "More Unemployment Charts." The Big Picture. Ginormous Content Limited, 11 Jan. 2010. Web. 21 June 2011..

9 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. 2010. Web. 21 June 2011.. Slide 6: BLS. "Employment Projections: 2008-2018 Summary." U.S. Bureau of Labor Statistics. United States Department of Labor, 11 Dec. 2009. Web. 21 June 2011..

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