1. Pull out a blank sheet of paper and title it: “Unemployment” (Assignment # 4) WARM-UP ► Is all unemployment bad? Can it ever be considered a good thing? ► What is the best type of unemployment? ► What is the worst type?

2. UNEMPLOYMENT IS… ► SOMEONE ACTIVELY LOOKING FOR A JOB!!! ► And must be 16 years old or older ► And now, we’re going to go a little more in depth and learn about the four different types of unemployment!!!

4. Four Different Types of Unemployment: ► Frictional Unemployment ► Structural Unemployment ► Cyclical Unemployment ► Seasonal Unemployment

5. FRICTIONAL UNEMPLOYMENT ► People looking for their very first job ► OR people that voluntarily choose to quit their jobs  Moving to another city, state, or country  Looking for better pay or benefits ► Least serious type of unemployment out of the four

6. Question to Answer:  Why is frictional unemployment the least serious???? What about its definition makes it not so serious?

7. STRUCTUAL UNEMPLOYMENT ► People that lose their jobs because they are unskilled laborers ► Easily replaceable by better technology or machines ► MOST SERIOUS type of unemployment because they get discouraged and eventually give up looking for a job

8. Question to Answer:  Why is structural unemployment the most serious???? What about its definition makes it so serious?

9. CYCLICAL UNEMPLOYMENT ► People that lose a job because of a downturn in the economy ► They are skilled, but due to slow business, some people are fired during times of recession ► When the economy picks up, they can easily find a job.

10. SEASONAL UNEMPLOYMENT ► People that are unemployed during certain times of the year ► These are jobs that are not in demand 365 days of the year

11. Create a Tree Map and explain each type of Unemployment: Types of Unemployment FrictionalStructuralCyclicalSeasonal

12. FULL EMPLOYMENT ► Jobs for all that want them. This does not mean zero UNEMPLOYMENT because at any point in time some people do not want to work. Also, because some people are always between jobs, there will usually be some FRICTIONAL UNEMPLOYMENT. UNEMPLOYMENT FRICTIONAL UNEMPLOYMENT FRICTIONAL UNEMPLOYMENT ► Most governments aim to achieve full employment. ► Usually when cyclical unemployment is zero ► Impossible to reach full employment without inflation

13. ► A computer technician gets fired during a recession.

14. ► A teacher quits her job because she is moving to another state.

15. ► A high school student is looking for her very first job.

16. ► A ski instructor is out of a job after the snow season is over.

17. ► A supermarket cashier gets fired after the store adopts self-check out machine stands.

18. ► Assignment: You will need to create a comic strip that illustrates the four different types of unemployment. So let’s set up your comic strip storyboard. ► Use pictures, stick figures and captions to illustrate the meaning of each type of unemployment. ► Remember, it is a storyboard that illustrates the definition of each type of unemployment. ► Finishing details…it has to be neat and colored!!! ► DUE DATE: Today!!! ► 3o points!!!

19. POINT BREAKDOWN ► 5 POINTS EACH FOR THE STORYBOARD OF FRICTIONAL, STRUCTURAL, CYCLICAL AND SEASONAL UNEMPLOYMENT ► 10 POINTS FOR NEATNESS, CREATIVITY, COLOR, ETC…

20. Come Up With Your Sketch ► Have a rough draft idea of how you will illustrate the four different types of unemployment. (must finish before the bell) ► Come up and after I check it, you can receive your BIG WHITE PAPER for your final draft!!!