Chase Pendleton 3A Unemployment My topic is on unemployment had how it is a big part of everybody’s lives and my solution on how to make unemployment not such a big deal in my community. They say unemployment is a very growing thing in the United States and should be stopped. The problem I’m focusing on is unemployment. The problem with unemployment is that it is leading many people to be homeless and stuck on the streets. It is hurting the younger kids that have nothing because their parents can’t keep their jobs. My solution on unemployment is to teach people that school is very important and getting a high paying job that you are very educated in and you enjoy is a big part of staying money smart. Unemployment is a very bad thing and it’s not the answer for anyone especially if you have a big growing family. Unemployment is bad thing because you have no money coming in and you won’t be able to pay for the things you want. My supporting evidence on this is pretty simple because I’m sure everybody agrees that not have money and not making a living is rough. People now a day’s love having fun and going out to eat, movies, shopping, traveling and not have a job won’t lead to any of these entertaining things. The opportunity cost of unemployment is immense when considering the scale of the United States economy. When workers are unemployed, they are unable to produce output. According to the economist Arthur Okun, for every 1% that the official unemployment rate exceeds the natural rate of unemployment, there is a 2% gap between actual and potential real GDP. Given the GDP and unemployment figures from 2009, when actual output was $14 trillion and unemployment was 10%, and assuming a natural rate of 5%, actual output may have been $1 trillion to $2 trillion below its potential. By way of comparison, a $2 trillion output gap is like sacrificing the entire economic output of France.9 (Mayer, David A. "Why Is Unemployment Bad?" Netplaces. 1 May 2012. Web.) Ways to fix unemployment is by teaching adults and younger adults on how important high school and going to a good college and studying stuff you like and a going further on what you like and making it you career were you can make money and don’t have to worry about being unemployed. Evidence on how well the statement work is on the charts and showing how people that are finishing school and getting an education are not going unemployed. Other ways I plan on fixing unemployment is by teaching people that a good resume is very important. Having a good back ground is a very soiled thing to have and will catch the bosses eye. Evidence on this statement is that number on thing on getting any kind of job requires a good resume and a great back ground. Good ways of fixing unemployment is teaching how to be professional on an interview and dressing nice. That will show that boss that you’re serious and you want to keep this job and that will give him confidence in you. These small things will get you a job and away for unemployment. Evidence on this is easy because you’ll won’t get a job dressing and looking like a scum so dressing nice and being professional in the interview is a big part of the work force. Answering questions in your areas of expertise, joining discussion groups, and asking contacts from your contract or volunteer work to write recommendations for your profile are all good ways to raise your visibility in your field, Baur notes. Likewise, the more active and involved you can get in professional and trade associations, the better. The point is to get to know people outside a formal job application or interview process," she says. "A person you meet informally who is looking to hire someone with your skills and qualifications, and who is impressed with you, will often want to bring you on board" -- even if they do happen to work for a company with a policy of hiring the already employed. (Fisher, Annie. "Will Being…
UNIT 3: Unemployment and the Labour Market
Textbook Reference: Chapter 3
Go to statistics on the RBA Website at http://www.rba.gov.au/Statistics/Bulletin/index.html
From Table G7 summarise the main tends in Australia over the last 20 years for:
(i) Unemployment rate (column I)
(ii) Participation rate (column D)
(iii) The relative proportions of part-time and full-time workers in total employment (columns E, F & G)
Use the demand and supply…
benefits to external production etc.
Chapter 16, Question 5
Nayab (2010) defines “Frictional unemployment is the short-term unemployment of people who are changing jobs, careers, or locations. This category of unemployment includes the jobless who have the skills and competencies to land a job, and are in the process of finding a job, but have not landed a job yet”.
She stated that this type of unemployment exists because of the mismatch between the characteristics of supply and demand in the job…
Essay 4, Draft 3
A report from the economic news report had a house hold survey states “In March, the number of unemployed persons was essentially unchanged at 10.5 million, and the unemployment rate held at 6.7 percent. Both measures have shown little movement since December 2013. Over the year, the number of unemployed persons and the unemployment rate were down by 1.2 million and 0.8 percentage point, respectively.” The Bureau Labor of Statistics states that in 2012, the unemployment rate has increased…
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Supporting Teachers: Inspiring Students
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Revision Focus on Unemployment (AS)
AS Syllabus Requirements Employment and Unemployment Candidates should understand how employment and unemployment may be influenced…
Author: Geoff Riley Last updated: Sunday 23 September, 2012
Who is unemployed?
The unemployed are people able, available and willing to work at the going wage rate but cannot find a job despite an active search for work
Unemployment means that scarce human resources are not being used to produce goods and services to meet people’s needs and wants
Persistently high levels of joblessness have damaging consequences for an economy causing both economic and social costs
For example, in the story Things Not Seen, the author Andrew Clements uses the two main characters, Alicia and Bobby, with very common yet very opposite situations, to demonstrate invisibility and reveal the message in the novel.
Firstly, Bobby and Alicia both have very similar lives and situations. When Bobby and Alicia first met Bobby ran into her seeing a “ thin white cane” realizing her disability and finding out their similarities (Clements…
of unemployment and how it has changed over the last year.
According to the bureau of labor statistics, as December of 2014 the employment rate in the U.S reached 5.6%, when compared to of December 2013 we have seen significant drop as it was 6.7%. Within the last 5 years, this is the lowest unemployment rate we have seen, the highest unemployment rate in the US was back in October of 2009 when it was 10% and California was 12.1% (Bls.gov, 2015).
2. Explain what has driven the unemployment rate…
CHAPTER 35 MULTIPLE CHOICE 1. The natural rate of unemployment depends upon: a. the rate of growth of the money supply c. the inflation rate b. the interest rate d. none of the above
ANS: D 2. In the long run, the actual inflation rate depends primarily on: a. the expected inflation rate b. the Phillips curve trade-off c. the rate of growth of the quantity of money d. the unemployment rate
ANS: C 3. The Phillips curve implies that the economy faces a: a. long-run trade-off between price inflation…
Ellington, Walter White, Roy Wilkins and artist Aaron Douglas. It was the peak of the Harlem Renaissance, and poet Langston Hughes was a family friend; Orson Welles had recently staged his famous Black Macbeth at the nearby Lafayette Theater.
Young Bobby stayed in Los Angeles with his pious grandparents and great-grandmother until he was 12, when he begged his parents to let him come to New York. Some family friends drove him cross-country in 1936, and he arrived in the midst of a cocktail soiree in…
As a member of the World Bank, it is important to know how the different aspects of the global economy are functioning. The different aspects are quantities of specific goods and services, Gross Domestic Product (GDP), unemployment, and inflation. The area the World Bank is focused on is South America. This report will concentrate on unemployment in Colombia.
The economy for every country is very similar…