bell work, unemployment

Kristian Villadsen

Bell work

1.      Chart/list some of the difficulties in masuring unemployment

Definition of unemployment varies from country to country, data inconsistency, difference in disparities (age and gender), hidden unemployment.

2.      35.5 million people of whom 17.3 million are in the labour force. 1.5 illion work part tme thogh would work full time, 0.5 are discouraged and 1.4 are looking but cant find any. What is the unemployment rate

1.4/17.3*100=8.1 %

3. Create a graphic organizer showing some of the costs of unemployment

Important because of the high costs

- costs to the unemployed: receive less income, lower standard of living, dejected, stress and erosion of mental health.

- cost to society- areas of unemployment there is poverty, homelessness, higher rates of crime and gang activity

Connected not solely to unemployment

-Costs of unemployment to the economy as a whole: less output, higher government spending