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Year 10 Commerce: Unemployment

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Jackie Charles

on 26 February 2013

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Transcript of Year 10 Commerce: Unemployment

Unemployment: Year 10 Commerce Year 10 Commerce Youth Unemployment Unemployment: Impact of Unemployment Reasons for Unemployment Data from the Census: AFR Infographic many reasons, some only temporarily unemployed ( seasonal/cyclical) but others are long term unemployed ( skills deficit/age/disability)
others are 'discouraged job seekers'
Unemployment has risen across the globe
According to Borland (Melbourne University,2012), the main reasons for the rising rate of unemployment are :
"Since 2011 employment was substantially slower than in previous years."
" Employment was not strong enough to keep up with population growth."

What do you think are some of the reasons for this? ( hint: migration, changing workplace, impact of trade etc) Economic:
Unemployment has such an impact on the economy because every unemployed person represents a waste of important skills for the country and they could be doing something productive and thus contributing to the economy as a whole. How to Calculate the Unemployment Rate Watch the video: Definition:
Unemployment is defined as the person that has not had one hour or more of paid work in a week, even when he or she has the conditions, age and disposition to do so. The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation,shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem. Social: What is your experience of unemployment in your family? What was the impact? teenage school leavers find it very difficult to get jobs
"School leavers have found it's very difficult to find a job in recent years, particularly given the impact of the economic downturn of retail.
"Unemployment rates among teenage males not in full-time education rose from 18 per cent last year to nearly 20 per cent this year (2012).
"By comparison, the adult unemployment rate is just 5 per cent, averaged nationally." (Walsh, Monash University,2012)
Why do you think there is such a difference in the unemployment rate? Complexities of Unemployment Watch the program 101East: Produce a handwritten half to one page response to answer the question:

Discuss the link between education/training, social disadvantage and unemployment as demonstrated by the people featured in the 101 East Down and Under documentary.
Full transcript