UNEMPLOYMENT

Paul HowardELPS 302Assignment 10 & 11UNEMPLOYMENTREGIONS AT RECESSIONS PEAK

U.S. SITUATIONCurrent Rate: U3 = 9.1% U6 = 15.8%

LFPR = 64.2%

8,000,000 jobs lost over the last 4 years

CONTEXTLast 40 Years U3 Unemployment RateJob Loss Since 2004

PATH TO RECOVERY?CPISalary Growth

THE FUTUREBureau of Labor Statistics: By 201815,300,000 More jobsUnemployment under 7%Younger and more diverse Labor ForceIncrease in professional laborLow growth in LFPR, 8.2%

ENDING THOUGHTSDoes 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?

WORKS CITEDSlide 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. .Slide Four:Ritholtz, Barry. "More Unemployment Charts." The Big Picture. Ginormous Content Limited, 11 Jan. 2010. Web. 21 June 2011. .WORKS CITEDSlide 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. .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. .