The U.S. job market appears to have a paradox: Many job seekers say they're desperate for work while many employers say they can't fill open positions. Are workers being too picky? Are employers being too cheap? Correspondent Paul Solman explores what's behind the disconnect as part of his Making Sen$e of financial news series. REPORT AIR DATE: April 6, 2012
OTHER RELATED LESSONS
Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.
Grades 6-8, 9-12
This lesson examines the April 5, 2013, U.S. Department of Labor, Bureau of Labor Statistics, announcement of U.S. employment data and the unemployment rate for the month of March, 2013. This lesson introduces the basic concepts of the BLS employment and unemployment data. The meaning and importa...
This lesson examines the U.S. Department of Labor, Bureau of Labor Statistics, announcement of employment data and the unemployment rate for the month of April, 2013, reported May 3, 2013. This lesson introduces the basic concepts of the BLS employment and unemployment data. The meaning and impor...
PBS video author Paul Solman reports that LeBron James has added $200 million in value to the city of Cleveland since 2003. His presence brings in $100 million each year to the workers and local businesses surrounding the NBA team. The concept of utilitarianism states that the action which is mo...
This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...
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