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Effects, Consequences, Statistics, and Causes
Unemployment
2
What is Unemployment?Current People who
do not have a job.People who have
been Fired or laid off.
The government supply these people with a % of their earnings.
3
What are the Effects?Unemployment can
cause more Taxes on people.
Increase in the prices of daily needs.
Makes life harder for those who are working.
4
Causes of Unemployment "mike"The Country’s
economic distress
The War on TerrorWelfare is said to
contribute to long term unemployment.
Unemployment insurance does this too.
5
Why causes are important “mike”
People take advantage of the checks they receive.
Claim to be looking for work and don’t.
People easily file for an insurance extension.
Welfare is many times abused.
6
Welfare effecting Unemployment “mike”
Welfare gives people the and incentive to avoid work or work less.
Many families use this as a mayor income for support.
It gives $ instead of showing how to make it.
7
Unemployment Effects "Patty"
Students must plan ahead for careers based on availability
More student join the military to avoid unemployment.
Even with a Degree work can be hard to find
8
Job Cuts "laid off " "Patty"
Businesses laid people off to cut budgets and stay open.
Teachers, and Police officers, were only some affected.
This affects education and the safety of society.
9
Consequences of Unemployment
Individual, social, educational and economic effects
Have been connected to areas with Higher crime rates.
Give people an excuse to not work.
10
Self confidence is effected
Communication between family
becomes difficult
Family cannot be supported; crime
rate increases
Find it difficult to face unemployment
Individual Consequences
11
Student become very weak at
completing their success in
school
Find it a distraction when
in the need of work (becoming
unemployed)
Interference with school work (find that having
a job serves importance)
Educational Consequences
12
Economic Consequences• Larger companies become
affected (bankruptcy occurs)
• All types of businesses have to maneuver around the changes of the economy
• The change of businesses affect how the economy is being affected
13
National Unemployment “Matt”Unemployment rate
in MA is 9.4%.It has risen 1.6% in
2009 from 2008.U.S. jobless rate
went up 3.5% to 9.3%.
National employment population ratio fell 2.9 points to 59.3 points.
14
Regional Population Employment Ratio "Matt"In 2009 all region
had a decrease in employment population ratio.
West -3.3,Mid-West -3.1, South -2.7North-East -2.2
Ratios
WestMid-westSouthNorth-east
15
State Unemployment “Matt”14 states and
District of Columbia reported a unemployment rate of more then 10.0%.
Michigan (+5.3%) and Nevada (+5.1%) had highest unemployment rate jumps in 2009.
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Regional Unemployment "Matt"Northeast Average
Unemployment rate is 8.4%.
The West had the greatest jump from 2008 to 2009.
17
State Population Employment Ratio "Matt"All states had a
decrease in Employment ratios
4 of 50 states and District of Columbia dropped more than 4%
West Virginia had the lowest at 50.5%