chapter_9_lecture_notes.ppt - Labor Market Trends Chapter 9 Section 1 The Labor Force • Economics define the labor force as all nonmilitary people who

chapter_9_lecture_notes.ppt - Labor Market Trends Chapter 9...

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Labor Market Trends Chapter 9 Section 1
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The Labor Force Economics define the labor force as all nonmilitary people who are employed or unemployed.
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Employed Are 16 years or older and meet at least one of the following requirements: They worked a least one hour for pay within the last week They worked 15 or more hours without pay in a family business The held jobs but did not work due to: Illness Vacations Labor disputes Bad weather.
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Unemployed Are 16 years or older and meet the following criteria: They do not have a job They have actively looked for work in the prior 4 weeks They are currently available for work
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Temporary Employment Contingent employment Temporary or part-time employment. Flexible work arrangements. Easy discharge due to the lack of severance pay for temporary workers. Temporary workers are often paid less and receive fewer benefits than their full-time counterparts. Some employees prefer temporary arrangements.
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Occupational Trends The economy of the United States has transformed from a mainly agricultural economy in the 1800s, to an industrial giant in the 1900s (Industrial Revolution) The computer chip has revolutionized the economy since its introduction in the late 1900s.
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Occupational Trends Overall, the United States is shifting from a manufacturing economy to a service economy. As service jobs increase, the nation is losing manufacturing jobs. Demand for skilled labor is rising, and the supply of skilled workers is increasing to meet the demand.
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Describe the changes in the U.S. economy during the period shown on the graph.
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Women in the Workforce Overall, the number of women in the work force has increased from about 38 percent of all women in 1960 to about 58 percent of all women in 2010. More women are: Getting a college education Not getting married Not having children Working in “Male” jobs
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Workforce participation
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Labor force participation
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Trends in Wages and Benefits Earnings for college graduates have increased Earnings for workers without college degrees have decreased.
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  • Fall '18
  • Dr. Seaman
  • Trade union, labor force, labor union

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