Chapter 13 Lesson 3 Unemployment Essential Question Why

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Chapter 13 : Lesson 3 Unemployment

Chapter 13 : Lesson 3 Unemployment

Essential Question: Why are some types of unemployment unavoidable?

Essential Question: Why are some types of unemployment unavoidable?

Unemployed: State of working for less than one hour per week for pay or

Unemployed: State of working for less than one hour per week for pay or profit in a non-family owned business, while being available and having made an effort to find a job during the pat month.

Unemployment Rate: Ratio of unemployed individuals divided by the total number of persons in

Unemployment Rate: Ratio of unemployed individuals divided by the total number of persons in the civilian labor force, expressed as a percentage. Current

Outsourcing : Hiring outside firms to perform non-core operations to lower operating cost

Outsourcing : Hiring outside firms to perform non-core operations to lower operating cost

Six Types of Unemployment

Six Types of Unemployment

Long term Unemployment workers who have been unemployed for twenty weeks or more.

Long term Unemployment workers who have been unemployed for twenty weeks or more.

Fictional Unemployment : Unemployment caused by workers changing jobs or waiting to go to

Fictional Unemployment : Unemployment caused by workers changing jobs or waiting to go to new ones

Structural Unemployment : Unemployment caused by a fundamental change in the economy that reduces

Structural Unemployment : Unemployment caused by a fundamental change in the economy that reduces the demand for some workers

Technological Unemployment : unemployment caused by technological developments or automation that make some workers

Technological Unemployment : unemployment caused by technological developments or automation that make some workers skill obsolete

Cyclical Unemployment : unemployment directly related to swings in the business cycle

Cyclical Unemployment : unemployment directly related to swings in the business cycle

Seasonal Unemployment : unemployment caused by annual changes in the weather or other conditions

Seasonal Unemployment : unemployment caused by annual changes in the weather or other conditions that prevail at certain times of the year

Review Question: Chapter 13 : Lesson 3 Read pages 382 -389 and answer Review

Review Question: Chapter 13 : Lesson 3 Read pages 382 -389 and answer Review Questions on page 389. Hand in Google Class Room.