Unemployment in Today's Economy

Warm-Up: What's Your Future Path?

Prompt: "Imagine you just graduated and are searching
for a job, but there are very few openings in your field.
What would you do? Would you take any job available,
retrain, or move to a different city? Justify your answer"

Instructions:

Think individually for one minute.

Pair up and discuss strategies with a classmate.

Share ideas with the class. The teacher will list
solutions on the board.

Unemployment in Today's

Economy

March 9, 2025

Lesson Objectives

Measuring Unemployment

I will be able to
measure unemployment rate

Types of Unemployment

I will be able to identify the different types
of unemployment

Economic and Social Impact

I will be able to discuss the impact that
unemployment has on the
economy and on
individuals

Unemployment in Today's Economy

Alright class, let's play a quick game of "Job Swap!"
Imagine our classroom is the entire country. I'm going to give a
few of you different job titles that are common in our town.
(Examples: cashier, construction worker, teacher, restaurant
server).
Now, imagine a big storm hits (Like the Covid-19), or a new
robot comes in and does some jobs faster.
How might some of you lose your jobs? Use facts to explain
your answer.

Let's discuss for a few minutes. Why do some people lose their
jobs while others find new opportunities?

Understanding Employment Challenges in
Modern Times

Underemployment

What is Unemployment?

Unemployment

The condition of actively seeking work but

unable to find employment despite being

capable and willing to work.

Workers in part-time positions seeking full-time

work or those working below their qualification

and skill level.

Frictional

Unemployment:

temporary

unemployment

experienced by people

changing jobs

Types of Unemployment

Seasonal

Unemployment:

unemployment linked

to seasonal work.

Structural

Unemployment:
where jobs exists

but workers looking
for jobs don’t have
the necessary skills.

Cyclical

Unemployment:
caused by a part of
the business cycle

with decreased

economic activity

Multiple Choice

A type of unemployment where individuals lose their jobs due to recession or declining economic activities is;

• Structural unemployment

• Frictional unemployment

• Cyclical unemployment

• seasonal unemployment

Open Ended

Differentiate between frictional unemployment and structural unemployment.

Measuring Unemployment

Understanding how economists track
joblessness in the economy

●Unemployment Rate = (Number of Unemployed / Labor Force) ×
100

●Labor Force includes all employed and actively job-seeking
individuals

●Monthly surveys conducted by Bureau of Labor Statistics

●Excludes discouraged workers who stopped looking for jobs

●Seasonal adjustments made to account for regular patterns

●Different rates calculated for various demographic groups

__________

Number of
Unemployed people

Labor force

X 100

Scenario 1: Small Town Economic Survey:
In a town of 10,000 working-age adults:

●6,500 are employed

●500 are actively seeking work

●3,000 are not in the labor force

Calculate the unemployment rate.

Scenario 2: Post-Pandemic Job Market:
In a country with 50 million working-age individuals:

●40 million are employed

●3 million are unemployed and looking for work

●7 million are not in the labor force

Calculate the unemployment rate.

●

Wasted human resources reduce
economic efficiency

●

Loss of valuable skills and
productivity

●

Decreased consumer spending and
economic growth

●

Increased burden on social welfare
systems

●

Last hired, first fired affects newer
workers

●

Long-term unemployment leads to
discouraged workers

●

Mental health and family stability
issues

●

Widening income inequality gaps

Economic and Social
Impacts

Personal and Social
Challenges
+

×

Impact on Economy and Society

Open Ended

Identify Two key impacts of Unemployment in Bahrain.

Review and Individual Activity

Key Concepts Review

Complete the Google Form

●Understand different types of
unemployment and their causes

●Recognize how unemployment rate affects
the economy

●Identify strategies to stay employable in
changing markets