Unemployment in America

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Unemployment in America
What can you do to make this title slide more
engaging?

• By Tashika Amy, Felicia Staley, Ian Halfhill, and
  Hyuk Koan Kwon.

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Unemployment
Your job is to analyze media. You may come to
some conclusions which you are stating but you
cant state anything unless you find it in media.
You are the judge!

• The unemployment rate in the United States was
  10.2 percent in June of 2010. The labor force is
  defined as the number of people employed plus the
  number unemployed but seeking work. The non labor
  force includes those who are not looking for
  work, those who are institutionalized and those
  serving in the military.

Photographs
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Types of Unemployment

• (I) Cyclical Unemployment
• Cyclical unemployment goes hand in hand with the
  business cycle. Higher the GDP, lower will be the
  cyclical unemployment at the peak of the business
  cycle and the vice versa is true when the economy
  is in the trough of the business cycle. If
  cyclical unemployment rate stretches for an
  extended period, it may cause irreparable damage
  to the labor force in the country.
• (II) Structural Unemployment
• It is a well-known fact that everyday new
  products are being launched in the market. As a
  result, the demand for certain goods and services
  also changes. This leads to increase in
  unemployment rate in certain sectors of the
  economy and creates jobs in yet others. Under
  these circumstances, re employment may be
  possible if the worker relocates or migrates to
  other sectors (in demand).
• (III) Agricultural Activities
• It has also been observed that if there are
  undulations in the agricultural sector (due to
  factors like low production, drought, famine or
  natural disaster), the effects are felt in
  agribusiness. This may also be regarded as one of
  the factors in unemployment.
• (IV) Hard Core Unemployment
• Hard core unemployment usually results when a
  worker is disabled and is not in a position to
  work. The worker may also give up his job after a
  few days due to dissatisfaction with the wage.
  Unemployment at any given point of time may be
  either due to one of the factors mentioned above
  or a combination of several factors (mentioned
  above). It has also been observed that if the
  labor market in the economy does not work in an
  optimum manner, it leads to unemployment. There
  are other factors, which point at the tempo of an
  economic activity in a region.

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Unemployment
Photographs
Analysis of when the photograph was taken/circumstances/historical context
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Analysis how the figures are arranged
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United States Unemployment Rate chart
Charts/Graphs
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Source of data analyzed for partiality
Source Bureau of Labor statistics
www.tradingeconomic.com
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Highest unemployment rate states in America in
June 2010.
Charts/Graphs
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Source of data analyzed for partiality
United state Department of Labor.
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Article in the News Media

• by Heather Best, July 27th , 2010.

Editorial
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United States Unemployment Rate Falls to 9.5 but
Fear of a Double Dip Looms Claim Economists
The United States unemployment rate dropped from
9.7 in May to 9.5 in June which is a good sign
for the economy but there are some economists
that feel the possibility of a double dip is
higher than earlier predicted.  This morning,
Yale economics professor, Robert Shiller stated
that the probability of a double dip is greater
than 50 and he expects to see a double dip in
the near future. Only July 26th, CNBC spoke with
Nouriel Roubini and he feels that even if we
dont see a double dip quickly there is still the
possibility of a recession down the road. He also
feels that there is no reason to believe that
there will be massive job creation. The national
unemployment rate falling to 9.5 is great but
unfortunately this number is displaying what
happened in June 2010.  What happens in July and
thereafter is much more important for those who
have expired their unemployment benefits and
continue to struggle to find a job.  Many
Americans who struggle with this continue to
voice their opinion at tell their stories.
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Unemployment
Cartoons
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Reasons for unemployment

• Unemployment is caused by many factors in a
  modern market economy
• Rapid technological change
• Business cycle or recessions
• Seasonal factors (in some industries particularly
  such as changes in tastes and climatic conditions
  which affects demand for certain products and
  services)
• Individual perceptions and willingness to work
  and search for jobs
• Their values and attitudes towards some jobs and
  about employers
• Accessibility for retraining and acquisition of
  work skills

Where is the example to portray these points?
Media!!! What is the source for these points?
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Effects
Ditto on all the above!

• The US market for instance is a highly unstable
  market in today's times. In fact, our current
  market trend is quite low. Although it is
  possible that we have higher economic growth
  compared to any other country and during our peak
  negative cycle, there is no doubt about it- we
  are in a recession right now. Millions of
  Americans are suffering such problems like job
  cuts, decreases in stock withholds and more.
  Although this is quite detrimental, this is
  actually a very common phenomena and occurs
  naturally in any global business setup and will
  regain its stability within a short span of time.
  In this article, we will evaluate the effect of
  unemployment on commerce and business so that we
  have a better understanding of these matters.
• Our recent recession has globally affected
  unemployment and will continue to do so at
  astronomical rates. Many economists predict that
  the effect of unemployment has changed the
  inflation rate and the price of the commodities
  and has led to a very unstable market. once the
  job cuts in business and commerce took place the
  manufacturing of raw materials which needed to
  perform a certain output level gets decreased.
  Many companies have been forced to undergo such
  hardships like maintaining the global value of
  its companies. This has caused a tremendous
  effect on unemployment, commerce and business too.

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Effects

• The employed feel less secure
• Workers are less willing to leave unsatisfactory
  jobs
• Divisions in society increase
• The prospect of equality of opportunity
  decreases. Some local areas can develop a culture
  of despair

What is this???
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Unemployment Solutions
Analysis???
Financial Recovery
Improved education
Increase in jobs

• The unemployment rate in America has increased in
  the past seven years and recently reached its
  peak, but what is being done about it. In each
  picture is a solution for the Unemployment crisis
  that America faces today.

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The Facts
You havent proven anything unless you have your
analyses.

• The solution to unemployment is pivotal, but the
  fact that it rest upon more than one solution the
  main one being financial increase. The fact is
  that economic growth increases job growth.
• Decrease in wages would make it affordable for
  employers to hire more, but because of inflation
  employees would not be able to survive.
• Many of the unemployed are unemployed due to lack
  of education and training. With the increasing
  amount of high school graduates plummeting which
  decrease chances of being hired.

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References
When did you access this information?

• http//ezinearticles.com/?The-Effects-of-Unemploym
  entid2134467
• http//bizcovering.com/business-and-society/causes
  -of-unemployment/
• http//www.economywatch.com/unemployment/causes.ht
  ml
• http//74.125.155.132/scholar?qcacheQu2BQ5rYHLUJ
  scholar.google.com/hlenas_sdt800
• http//family.jrank.org/pages/1727/Unemployment-So
  lutions-Unemployment-Problem.html"gtUnemployment -
  Solutions To The Unemployment Problemlt/agt
• http//family.jrank.org/pages/1727/Unemployment-So
  lutions-Unemployment-Problem.html
• http//www.intelligent-systems.com.ar/intsyst/unem
  ploy.htm
• Pictures
• http//www.istockphoto.com/index.php
• http//ieducationblogs.com/
• http//topnews.us/