UNEMPLOYMENT

Definiton

The official unemployment rate is defined as the number of unemployed persons divided by the total labor force (the sum of unemployed and employed persons).

Facts

From a survey taken in January of 2011, “about 7% of the world’s workforce is unemployed while 40% have stable jobs.”

In 2010, the total number of people unemployed around the world was 205 million.

It is important to know that many developing countries have fairly low unemployment rates because many of them are self-employed.

The U.S. has an unemployment rate of around 10%

China and about a dozen other countries are less than 5%

Unemployment rates around the world

This is a great website to view the unemployment rates of all of the different countries around the world for the years 2007-2010

http://www.gfmag.com/tools/global-database/economic-data/10297-worlds-unemployment-rates-2006-2010.html#axzz1JFVnwXi1

2009 unemployment rates

What’s ahead…

Even though it seems the economy for many countries seem to be getting better, it is still predicted and expected that unemployment rates will remain at record highs throughout the year 2011

Unemplyment

Objectives

OBJECTIVE: work together with students from University of Kansas in this project which is to investigate all about unemployment. This will allow us to improve our investigative techniques and the use of technology using the cooperative learning method.

Objective: To show to the class what was the project about and illustrate them about such topic.

Definition

It is the state of an individual looking for a paying job but not having one.

Unemployment in Panama

The national statistics could not be more flattering today, Labor Day in Panama - unemployment is down to 6.3% with all forecasts predicting that number will continue to fall.

1995 14.019 0.08 %

1996 14.317 2.13 %

1997 13.37 -6.61 %

1998 13.576 1.54 %

1999 11.753 -13.43 %

2000 13.523 15.06 %

2001 14.706 8.75 %

2002 14.107 -4.07 %

2003 13.652 -3.23 %

2004 12.35 -9.54 %

2005 10.327 -16.38 %

2006 9.111 -11.77 %

2007 6.783 -25.55 %

2008 5.849 -13.77 %

2009 6.932 18.52 %

2010 5.529 -20.24 %

YearUnemployment

ratePercent Change

Statistics

Panama EEUU

Unemplyment rates

Causes Rapid changes in technology

Recessions

Inflation

Disability

Undulating business cycles

Changes in tastes as well as alterations in the climatic conditions. This may in turn

lead to decline in demand for certain services as well as products.

Attitude towards employers

Willingness to work

Perception of employees

Employee values

Discriminating factors in the place of work (may include discrimination on the

basis of age, class, ethnicity, color and race).

Youth vs. adult unemployment

Female Versus Male Unemployment

Women in couples have higher employment rates than single women, and for both groups women

without children are more likely to be in employment.

Men unemployment rates are less than women because they have more workspace to be hired.

Unemployment benefits Unemployment benefits are payments

made by the state or other authorized bodies to unemployed people.

Unemployment benefits are generally given only to those registering as unemployed, that they seek work and do not currently have a job.

Advantages VS Disadvantage

Advantages -Employment insurance helps prevent a

recession by supplying people with money so they can spend it and help the economy.

Disadvantage: -It gives people an incentive to stay unemployed.

-It also puts a barrier to movement of labour. -Hence, either way it leads to a high unemployment rate.

Conclusion

Having worked on this project has enabled us to improve our investigation skills so much as learn about the problems that comes with unemployment in the world and in our country. We have also gained experience in working together as a group using a positive technology for learning, which makes this method employed by teachers very successful.