C A R O L I N E D A V I S
C H A N C E C L A R K
A N A N J A L O U W

 http://www.youtube.com/watch?v=_CdTu1pk06w& feature=youtube_gdata_player

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Unemployment- when a person is actively searching for employment or currently out of work.
Unemployment rate- the percentage of the work force that is unemployed or searching for work at any given rate.
Poverty Rate- percentage of the people under the poverty line at any given rate
Poverty Threshold- the minimum level of income deemed necessary to achieve an adequate standard of living in a nation or country.

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Underemployment- Refers to an unemployment situation that is insufficient in some important way for the worker, relative to a standard.
Income Distribution- How a nation’s total GDP is distributed amongst its population.
GDP- The total value of goods produced and services provided in a country during one year.
Gini Curve- Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution.

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Frictional unemployment: unemployment that comes from people moving between jobs, careers, and locations.
Example: Students who just graduated from college
Seasonal unemployment: Periodic unemployment created by seasonal variations in particular industries, especially industries such as construction that are affected by the weather. Example: lifeguards
Cyclical unemployment: a cycle of having increases and decreases in the amount of work that follows the business cycle. Example: automotive industry.
Structural unemployment: This type of unemployment occurs when there aren't enough jobs to support the people who are trained in a certain field. Example: computer technology in the 90’s.

 Unemployment is when people are out of work or actively looking for work. We study unemployment so we know what the affects of it are. Unemployment causes poverty and money becomes scarce. People have to abandon their homes and lives but no one can escape. Unemployment led America into the
Great Depression and we should prevent it from ever happening again. People died from starvation and disease because no one could afford food or medicine.

Gini Curve and Income Distribution in the U.S. cont.
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Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution.
In economics, income distribution is how a nation’s total GDP (gross domestic product) is distributed amongst its population.

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In 2011, 46.2 million people (15.0 percent) were in poverty.
In 2011, 16% of Americans were living in poverty
Total number of children that die each day due to
Poverty: 22,000
In 2011, 9.5 million (11.8 percent) families were in poverty.

 http://money.cnn.com/2013/04/23/pf/taxes/obam a-taxes/index.html

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 http://feedingamerica.org/hunger-in-america/hunger-facts/hunger-and-poverty-statistics.aspx
http://dictionary.reference.com/browse/seasonal+unemployment http://www.investopedia.com/terms/f/frictionalunemployment.asp
http://www.wisegeek.org/what-is-cyclical-unemployment.htm
http://www.reference.com/motif/society/example-of-cyclical-unemployment http://washington.cbslocal.com/2012/11/15/census-u-s-poverty-rate-spikes-nearly-50-millionamericans-affected/ http://www.statisticbrain.com/world-poverty-statistics/ http://www.businessdictionary.com/definition/structural-unemployment.html
https://blog.dearbornschools.org/farhoua/2012/12/12/ http://www.census.gov/hhes/www/income/ https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html
http://commons.wikimedia.org/wiki/File:United_States_Income_Distribution_1947-2007.svg
http://www.census.gov/prod/2012pubs/acsbr11-02.pdf
http://www.investopedia.com/terms/u/unemployment.asp
http://www.investopedia.com/search/default.aspx?q=unemployment%20rate http://www.life123.com/career-money/find-a-job/unemployment/types-of-unemployment.shtml
http://economics.about.com/od/unemployment-category/a/Types-Of-Unemployment.htm

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Poverty Rate
Poverty Threshold
Income Distribution
GDP
Frictional
Cyclical
Seasonal
Structural
Unemployment
Unemployment Rate
Gini Curve
Underemployment