1. Unemployment?

3. 25% of labor Was Unemployed

4. 1933 John Keynes “ General Theory of Employment Interest and Money “ What we Call Today “ Macroeconomics “

5. But Why Unemployment is a Problem ?

6. Lost of Production and Income The loss of job brings a loss in income and loss in production too !

7. Lost in Human Capital Unemployment damages person job and destroy human Capital

8. Current Population Survey Working-age-Population: total Number of people aged 16 and over, not in jail, hospital, other institutional care Labor force: is the sum of the employed and the unemployed

9. Labor Market Indicators The Unemployment Rate The Employment-to-Population Ratio The Labor Force Participation Rate

10. The Unemployment rate: is the percentage of the people in the labor force who are unemployed Number of people unemployed = ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ x 100 Labor force

11. The Employment-to-Population Ratio: is the percentage of people of working age who have jobs. Employment-to- Number of people Employed = ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ x 100 Working-age Population

12. The Labor Force participation Rate: is the percentage of the working-age population who are member of the labor force. Labor force = ___________________ x 100 Working-age Population

14. Why there is always someone Looking for Job? Economy Churn ?

15. The Price Level and Inflation Price Level Price Level: the average level of prices, and the value of money Inflation rate:the annual percentage change of the price level

16. But Why inflation is a Problem ? Redistributes income and wealth Diverts resource from production

17. The Consumer Price Index Is a measure of the average of the prices paid by urban consumers for a fixed "basket" of consumer goods and services.

18. Constructing the CPI Is a huge operation that costs millions of dollars and involves three stages: Selecting the CPI basket Conducting the monthly price survey Conducting the CPI

20. High when the price level is rising rapidly and

22. Thanks  2 تركي الرقيعي عبدالله الحسن علي محمد الخربوش