FinCap Friday: Education Can Save Jobs

What is the meaning of “unemployment rate”?

• The total number of unemployed adults in the United States

• The percentage of adults not working but actively seeking a job

• The percentage of people who have jobs

• The percentage of people who are retired

Economists pay close attention to the unemployment rate because:

• when less people work, the country produces less

• when less people work, the country produces more

• when less people work, the country produces the same amount

• they get paid more when employment increases

In early 2024, the unemployment rate in the U.S. was:

• 1.9%

• 2.9%

• 3.9%

• 4.9%

True or False? In 2024, the unemployment rate was the same for adults with a college degree and those without a degree.

• True
• False

Why is education considered to have the potential to "save your job"?

• It reduces the need for specific skill sets

• It lowers the minimum wage requirements

• It correlates with higher earnings and job security

• It decreases the overall supply of workers