Case study Week 6 Case Study: Macroeconomic Analysis: Unemployment and Inflation. Overview A high unemployment rate in any economy is a symptom of dysfunctionality in the economy.

Unemployment and Inflation.

Case study Week 6 Case Study: Macroeconomic Analysis: Unemployment and Inflation. Overview A high unemployment rate in any economy is a symptom of dysfunctionality in the economy. People need income to be able to consume, and consumption leads to production and production leads to a 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) must be sufficient in order for consumption (which is the major component of GDP) in the economy to be healthy.

Unemployment and Inflation.

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, too. High unemployment rate, high part-time employment rate for economic reasons, low wages, and high inflation could have negative effects on economic growth. Assignment Description In this assignment, you need to identify only two specific issues related to unemployment. You will study their past trends, provide an overview of their current status, and provide solutions to overcome them. You will use data, articles, experts’ opinions, and government reports to draw a clear picture of the current unemployment issues.

Unemployment and Inflation.

Some areas you might consider are the following (based on gender, education, race, age): · Unemployment rates among young college graduates · Unemployment rates for women · Unemployment rates for men · Unemployment rates among African Americans · Unemployment rates among Hispanics · Unemployment rates among Whites · Unemployment rates among Asians · Unemployment rate among workers with high school diploma · Unemployment rate among workers with less than a high school diploma · Unemployment rate in the medical industry · Unemployment rate in the high-tech industry Your research needs to be structured with consistent and clear thoughts.

Unemployment and Inflation.

It also needs to be supported by actual 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 macroeconomic challenges and macroeconomic policies. Writing Style (APA) and Page Number Requirements Document Type: Word Font Type: Times New Roman or Arial Font Size: 12 Spacing: Double Number of Pages: Three to five pages, not counting the separate Title page and the separate References page Structure and Requirements · Title Page o Title of the paper o Name of the author.

Unemployment and Inflation.

E-mail address of the author o Class name o Professor’s name o Date There are 5 sections to this case study (Introduction, Data, Analysis, Reflection, Solution). You must have 5 section/headers in your paper since each section has its own marks/points (see Case Study Rubric document). · Introduction Your introduction needs to include the following. o Include a clear definition of unemployment and inflation and how and why they occur and rise in the economy. o Briefly provide your understanding of the relationship between GDP growth and/or decline, high/low unemployment, and high/low inflation rates.  https://youtu.be/55hpwVWwdnw

Unemployment and Inflation.

Include a brief description of the two unemployment-related issues that you are going to address in this paper and their importance. Basically, why do you think they are important to research and resolve? · Data Obtain data from at least 3 credible sources (not Wikipidia). Use tables, graphs, and figures to support your argument. You can find the latest unemployment and inflation data at www.bls.gov (Bureau of Labor Statistics). It is important to obtain your unemployment data from the Bureau of Labor Statistics (BLS) website. Follow the “Guide to using the BLS website Data” provided on this assignment page. You need 5 data pieces in the data section (3 General data pieces: GDP Growth Rate, Unemployment Rate, Inflation Rate.

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