The December jobs report showed a gain of just 74,000 jobs, while the drop in unemployment was due largely to people leaving the workforce. Economics correspondent Paul Solman reviews the numbers and Judy Woodruff talks to Dean Baker of the Center for Economic and Policy Research and Robert Shapiro of Sonecon. AIR DATE: Jan. 10, 2014
OTHER RELATED LESSONS
Students will learn about important labor market statistics that are frequently discussed in the media. An understanding of the unemployment rate and labor force participation rate will be developed through participation in an interactive simulation game.
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...
This lesson teaches students what economists mean when they talk about people who are employed, unemployed, and not in the labor force. It discusses the Current Population Survey and asks students to pose as government survey workers to determine the employment status of 10 people given in ...
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
In 1998, the Senate voted to reject a $1 increase in the federal hourly minimum wage. The vote fell along party lines, with Democrats voting in favor of the proposal and Republicans voting against it. Interview your classmates to find arguments for and against.