1. Name:________________
Unemployment Rates
Formula:
Types:
Cyclical Unemployment
Short Definition
Example of person in situation
Frictional Unemployment
Structural Unemployment
1. List the 4 causes of structural unemployment. Circle the one that you think will affect you the most next year
2. How are you personally going to avoid these structural causes?
3. Do an OPTIC for the graph on the
right.
4. According to this graph, describe
the US employment situation from
2008-2010.
5. According to this graph, when was the best year for a college graduate to look for a job?
2. Name:________________
6. Calculate the unemployment rate for Egypt in 2008 where the labor force is 24 million people and 2 million
are searching for work. Show your work
7. Calculate the unemployment rate for Australia in 2008 where the labor force was 11 million people and
500,000 are searching for work Show your work
87. Calculate the unemployment rate for Russia in 2008 where 135 million people were employed and 10
million were unemployed and searching for work. An additional 5 million people are disabled or discouraged
Show your work
9. Calculate the unemployment rate for Canada in 2008 where 18 million people were employed and 1 million
were unemployed and searching for work. An additional 100,000 people are disabled or discouraged
Show your work
Calculate the LF first!
8. If you had to choose to live in Russia, Australia, Egypt or Canada and you were personally unemployed,
where would you live? Explain why.