Daily VideoSeptember 9, 2013
Jobs Report Brings Mixed News on U.S. Economy
Last week’s report on jobs and unemployment in the U.S. had, “a little bit of something for everyone,” said economist Lisa Lynch of Brandeis University.
While employers added 169,000 new jobs last month, and the unemployment rate slid from 7.4 to 7.3, the picture isn’t entirely rosy.
While the number of jobs added was positive news, most of those jobs were in low-paying industries like retail, restaurants and hotels. In contrast, well-paying industries like finance and information actually shrank.
There are other worrying signs. A jobs report from earlier this summer was revised down by 74,000 jobs, and the overall percentage of people either working or looking for work is down.
“We’re down to a labor force participation rate that we haven’t seen since 1978,” said Lynch.
She attributes some of this drop in participation to retiring baby boomers, “But we’re also seeing young people either not going into the labor market or delaying entry into the labor market.”
Warm up questions:
- What kinds of things do economists study?
- How do we measure the “health” of the U.S. economy?
- Do you think that our economy is doing well or doing poorly and why?
- What is a “baby boomer” and what impact do you think they have on the economy?
- Why are economists still worried about the overall economy when unemployment rates have dropped?
- If we value well-paying jobs over lower-paying ones- in terms of a sign of economic health- what do we need to do in education to prepare more people for these higher-paying jobs?
- What ways has the state of the U.S. economy personally affected you or your family and friends?
Tooltip of related stories
Tooltip of more video block
Submit Your Student Voice
The Democratic National Convention began on Monday amid protests from supporters of Sen. Bernie Sanders and calls for unity to back Hillary Clinton. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
While Clinton has topped the annual Gallup poll of “most admired woman” each of the last 14 years, a CBS poll last month showed nearly two-thirds of Americans say they don’t think she is honest or trustworthy. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
Born and raised in Queens, New York, to a family of privilege, Donald Trump grew up in a 23-room house and was driven to private school by the family chauffeur. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
Republican presidential nominee Donald Trump chose Indiana Gov. Mike Pence as his vice president, despite the two disagreeing on a number of political and social issues. Pence has served as governor of Indiana since 2012, and a member of the U.S. House of Representatives for 12 years. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
The 2016 presidential race has made teaching high school civics more difficult, particularly regarding some of the comments students have heard candidates make along the campaign trail. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld