​Week 5 Case Study: Unemployment

BASICALLY THEORETICAL

Week 5 Case Study: Unemployment 6 pages

Overview

People need income in order to consume, and consumption leads to production, and

production leads to higher demand for labor (employment), so unemployment is a

crucial macroeconomic issue that confronts all modern economies. A lower

unemployment rate, however, is not the end of the problem. The type of employment

and the price of labor (wages) have to be sufficient for consumption (which is the major

component of GDP) for the economy to be healthy. If wages are low or if the prices in

the economy are high, consumption would be low and thus, production and demand for

labor would be low as well. So high unemployment rate, high part-time employment rate

for economic reasons, and low wages could have negative effects on economic growth.

Assignment Description

In this assignment, you need to analyze unemployment-related issues. You need to

analyze only one issue (topic).

You are going to study the past trends, provide an overview of the current status, and

provide solutions to overcome any problems related to the issue you are studying. You

will use data, articles, and government reports to draw a clear picture of the current

unemployment issues.

Some unemployment-related topics that you could choose from (choose only one

topic) include the following.

 Part-time employment rates for economic reasons

 Unemployment rates among young college graduates

 Unemployment rates by gender

 Unemployment rates among Black and Hispanic communities

 Low supply of labor (professionals) in certain industries

 High supply of labor in education

 Low wages by profession and their causes

 Low demand for labor in some industry (you could choose whatever industry you wish)

 Low wages in some parts of the country

 High unemployment rate among workers with high school diploma or less

Your research needs to be structured with consistent and clear thoughts. It also needs

to be supported by facts and data. Your results need to be based on solid facts. Your

conclusion and recommended solution need to be thorough and based on your findings

and understanding of unemployment and GDP.

Writing Style and Page Number Requirements

Font Type: Times New Roman or Arial

Font Size: 12

Spacing: Double

*Number of Pages: Six to seven pages, along with a separate Title page and a

separate References page

Outside Sources and

https://www.bls.gov/

Send Draft after 8 hours