powerpoint presentation about unemployment

Unemployment

The Unemployment rate

The percent of people in the labor force who want a job but are not working.

Who is in the Labor Force?

• Above 16 years old
• Able and willing to work
• Not institutionalized (jails, hospitals)
• Not in military, in school full time, or retired

Why is a stay at home mom not unemployed?

What is Unemployment?

# unemployed

# in labor force

Three Types of Unemployment

3 Types of Unemployment

#1. Frictional Unemployment

• “Temporarily unemployed” or being between jobs.
• Individuals are qualified workers with transferable skills but they aren’t working.
• High school or college graduates looking for jobs.
• Individuals that were fired and are looking for a better job.

Seasonal Unemployment

• This is a specific type of frictional unemployment which is due to time of year and the nature of the job.
• These jobs will come back
• Professional Santa Clause Impersonators
• Construction workers in Michigan

#2. Structural Unemployment

• Changes in the structure of the labor force make some skills obsolete.
• Workers DO NOT have transferable skills and these jobs will never come back.
• Workers must learn new skills to get a job.
• The permanent loss of these jobs is called “creative destruction.” (Why?)
• VCR repairmen
• Polly Pocket Maker

Technological Unemployment

• Type of structural unemployment where automation and machinery replace workers causing unemployment
• Auto assemblers fired as robots take over production
• Producers of Capital Goods (tractors) fire assemblers

#3 Cyclical Unemployment

• Unemployment that results from economic downturns (recessions).
• As demand for goods and services falls, demand for labor falls and workers are fired.
• Steel workers laid off during recessions.
• Restaurant owners fire waiters after months of poor sales due to recession.

This sucks!

Two of the of the three types of unemployment are unavoidable:

• Frictional unemployment
• Structural unemployment
• Together they make up the natural rate of unemployment (NRU).

We are at full employment if we have only the natural rate of unemployment.

• This is the normal amount of unemployment that we SHOULD have.
• The number of jobs seekers equals the number of jobs vacancies.

The Natural Rate and Full Employment

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The free Unemployment PowerPoint Template has a white background with a symbolic background image of businesspeople leaving. This simple background makes the template look remarkable. Therefore, the template is suitable for presentations about unemployment rates, layoffs, jobless claims, and other related topics. This template can be used by financial experts, economists, and other presenters. Finally, its background makes it the perfect background for presentations about the job market. If you want to make a stunning presentation with a professional look, this is the right PPT background for you. There are also some other similar templates that you can find in our Business and Finance Category . You can also find similar backgrounds by browsing through labels such as  jobs , economics , etc.

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Unemployment

Mar 15, 2019

300 likes | 832 Views

Unemployment. Unemployment. Youth Unemployment July 2012. Unemployment. By the end of today’s lesson you will understand that there are different types of unemployment. You’ll also look at the different costs of unemployment, not only economic but also social. Unemployment.

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Presentation Transcript

Unemployment • Youth Unemployment July 2012

Unemployment • By the end of today’s lesson you will understand that there are different types of unemployment • You’ll also look at the different costs of unemployment, not only economic but also social

Unemployment • Write down 3 reasons why you think people lose their jobs • Write down 2 possible consequences of high unemployment (for individuals or communities)

Frictional Unemployment • Short term unemployment • Not considered serious • Workers moving between jobs • Time spent out of work will vary

Seasonal Unemployment • Will affect industries such as construction and tourism • Tends to rise in the winter • Unavoidable in a market economy with a variable labour demand

Cyclical Unemployment • Occurs when the economy is experiencing a downturn • Because there is not enough demand in the economy for all potential workers to gain employment

Structural Unemploment • When demand for labour is less than its supply • Can be sub-divided into regional, sectoral and technological unemployment.

Activities • Read through page 194 to note down different types of structural unemployment. • In pairs, discuss, agree and write down answers to question 2 (p 194).

The costs of unemployment • The unemployed … and their dependents … will lose income • Against this, there may be benefits, both financial and in increased leisure time • Should age be a barrier to employment?

One academic study published in 2001 found that • “Redundancy ranks behind only bereavement and divorce as a life- disrupting event. Even once the immediate trauma is past, the damage persists.”

Activity • Unemployment has costs not only for individuals and their families, but also for local communities, taxpayers and indeed the whole economy. • Working in pairs, use the information on pages 195 and 196 to consider this hypothesis – “The social costs of unemployment are far more serious than the economic costs.” • Report your conclusions back to the rest of the class

Homework • Read through information on pages 199 and 200 • Answer questions 1 and 2 on page 200

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UNEMPLOYMENT

UNEMPLOYMENT. Society in general and Economists in particular are interested in the problem of unemployment because of its economic and non-economic effects on people and the society. Why Should We be Concerned about Unemployment?. Economic Effects:

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15. Unemployment. Identifying Unemployment. How is unemployment measured? Employed People who work Unemployed Not employed Want to work Looking for a job Not in the labor force Not employed Not unemployed. 1. The breakdown of the population in 2007.

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28. Unemployment. E conomics. P R I N C I P L E S O F. N. Gregory Mankiw. Premium PowerPoint Slides by Ron Cronovich. In this chapter, look for the answers to these questions:. How is unemployment measured? What is the “natural rate of unemployment”?

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Unemployment. Population Survey Every month, the U.S. Census Bureau surveys 60,000 households and asks a series of questions about the age and job market status of its members. Called the Current Population Survey. Unemployment. Population Survey

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6. Unemployment. In this chapter, you will learn…. …about the natural rate of unemployment: what it means what causes it understanding its behavior in the real world. Natural rate of unemployment.

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Unemployment. Chapter 11. Economic Concepts. Labor force Frictional unemployment Structural unemployment Cyclical unemployment Unemployment rate Marginal propensity to consume Marginal propensity to save Investment multiplier Aggregate supply and demand Leakages and injections.

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7. Unemployment. IN THIS CHAPTER, YOU WILL LEARN:. …about the natural rate of unemployment: what it means what causes it understanding its behavior in the real world. 1. Natural rate of unemployment.

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Unemployment. Definition of unemployment How to measure unemployment Types of unemployment Impacts of unemployment. Definition of unemployment. The state of being without any work both for an educated & uneducated person, for earning one's livelihood is meant by unemployment.

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Unemployment. 1. Review Define GDP? What are the four components? What is not included in GDP? Identify the following:. 9_______. 10___________. 7. 3_____. 8. 11_________. 5. 6. 4_____. 2. Goal #2 Limit Unemployment. 3. What is Unemployment?. # unemployed. Unemployment rate.

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Unemployment. Exam style question. ‘Unemployment is best tackled through demand side intervention.’ Discuss (25 marks). Why consider unemployment as an economic objective?. Costs to the unemployed and their dependants Costs to local communities Costs to taxpayers

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Unemployment. WEEK 6 Professor Dermot McAleese. OUTLINE.  Facts about unemployment  Supply-side approach and the market mechanism  Policies for unemployment  Keynesian approach – the importance of Aggregate Demand. UNEMPLOYMENT.

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