Week 5 Case Study: Unemployment
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
Send Draft after 8 hours
