Economics – 4/13/17
I. Bellwork Q&A
A. List 4 groups of people not included in the labor force.
B. Provide an example of structural unemployment. (Not a definition)
C. Provide an example of frictional unemployment. (Not a definition)
II. Objectives
- discuss and analyze the unemployment rate, it’s criteria, and it’s relevance based upon interpretation of maps, statistics data, and multimedia resources.
- Interpret and analyze numerical data and form decisions
III. Discussion\Notebook Work
A. Unemployment rates by State
D. Wall Street bank says U.S. unemployment isn’t 5%
IV. Classwork
| Country | Unemployment Rate | % of Average Wage Received in Unemployment Benefits | Length of Time Benefits Are Paid |
| U.S. | 4.6% | 48% | 6 months |
| Japan | 4.2% | 51% | 1 year |
| France | 9.7% | 58% | 2 years |
| Germany | 10.4% | 36% | 5 years |
| Source: The World Factbook, 2007. | |||
- Which country had the highest unemployment benefits in 2007?
- Which country had the lowest unemployment benefits in 2007?
- Which country pays unemployment benefits for the shortest amount of time?
- Do you believe it is better to pay a large unemployment benefit or a smaller unemployment benefit to the unemployed? Explain why
- How long do you believe someone should receive unemployment benefits? Explain your answer.
B. Primary Source Document
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