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UNEMPLOYMENT

UNEMPLOYMENT. Paul Howard ELPS 302 Assignment 10 & 11. REGIONS AT RECESSION’S PEAK. U.S. SITUATION. Current Rate: U3 = 9.1% U6 = 15.8% LFPR = 64.2% 8,000,000 jobs lost over the last 4 years. CONTEXT. Last 40 Years’ U3 Unemployment Rate. Job Loss Since 2004. PATH TO RECOVERY?. CPI.

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UNEMPLOYMENT

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  1. UNEMPLOYMENT Paul Howard ELPS 302 Assignment 10 & 11

  2. REGIONS AT RECESSION’S PEAK

  3. U.S. SITUATION • Current Rate: • U3 = 9.1% • U6 = 15.8% • LFPR = 64.2% • 8,000,000 jobs lost over the last 4 years

  4. CONTEXT Last 40 Years’ U3 Unemployment Rate Job Loss Since 2004

  5. PATH TO RECOVERY? CPI Salary Growth

  6. THE FUTURE • Bureau of Labor Statistics: By 2018… • 15,300,000 More jobs • Unemployment under 7% • Younger and more diverse Labor Force • Increase in professional labor • Low growth in LFPR, 8.2%

  7. ENDING THOUGHTS • Does the U3 or the U6 more accurately depict the unemployment situation? • How might current and future inflation rates effect the employment recovery? • What unseen factors may effect the BLS’ predictions for the next 10 years?

  8. WORKS CITED • Slide Two: Staihr, Dr. Brian. "Macro Variables." Econ 104. University of Kansas, Lawrence. 14 June 2011. Lecture. • Slide Three: Stecyk, Kevin. "Four Factors Guiding Blue Nile's Price Range - Seeking Alpha." Stock Market News & Financial Analysis - Seeking Alpha. Seeking Alpha, 23 Feb. 2009. Web. 21 June 2011. <http://seekingalpha.com/article/121972-four-factors-guiding-blue-nile-s-price-range>. • Slide Four:Ritholtz, Barry. "More Unemployment Charts." The Big Picture. Ginormous Content Limited, 11 Jan. 2010. Web. 21 June 2011. <http://www.ritholtz.com/blog/2010/01/employment-charts/>.

  9. WORKS CITED • Slide 5: Institute For Compensation Studies. "ICS Commentary - U.S. Employment Cost Index, Q3 2010, November 1, 2010." ILR School - News. Cornell University, 1 Nov. 2010. Web. 21 June 2011. <http://www.ilr.cornell.edu/ICS/news/11012010-usEmploymentCostIndexQ32010.html>. • Slide 6: BLS. "Employment Projections: 2008-2018 Summary." U.S. Bureau of Labor Statistics. United States Department of Labor, 11 Dec. 2009. Web. 21 June 2011. <http://www.bls.gov/news.release/ecopro.nr0.htm>.

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