So You Want to Be a Millionaire?? Work in the United States and Massachusetts.

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Presentation transcript:

So You Want to Be a Millionaire?? Work in the United States and Massachusetts

What is the current unemployment rate in the US? 4 percent 6 percent 9 percent 11 percent US Bureau of Labor Statistics Dec 2010 says it is 9.4%. Down from high of over 10 percent. Has only broken 10 percent once since 1950 before now. Most recently hovered at around 4 percent for years before recession.

What is the highest US unemployment has ever been? 5 percent 15 percent 25 percent 30 percent Axinn and Levin in 4 people was unemployed during the Great Depression.

Which is NOT one of the top ten most popular jobs in MA? Registered nurse (80,000) Lawyer (36,000) Primary school teacher (77,000) Cook (66,000) Calculated from 2007 American Community Survey

What is the minimum wage in MA? $6.00/hour $6.75/hour $8.00/hour $8.50/hour US Department of Labor 1/20/11

What is the federal minimum wage? $5.75/hour $6.55/hour $7.25/hour $8.00/hour US Department of Labor Until 2007 minimum wage had remained unchanged at $5.15 an hour for ten years.

What percentage of the MA labor force is foreign-born? 5.6 percent 11.2 percent 17.4 percent 21.8 percent Calculated from 2007 American Community Survey

What percentage of women in the US are in the labor force? 50 percent 62 percent 71 percent 79 percent US Census American Fact Finder 1/24/09 Of all women ages For women with children under six 68% in 2008.

How many weeks of paid maternity leave are US workers entitled to under federal law? 0 weeks 1 week 2 weeks 3 weeks Family and Medical Leave Act guarantees up to 12 weeks leave unpaid

Which occupation has the highest mean hourly earnings? Aerospace engineers ($42.27) Physicians ($61.34) Legislators ($11.99) Police and detectives ($31.73) *Among fulltime workers Bureau of Labor Statistics 2006 report

Which occupation has the lowest mean hourly earnings? Child care workers ($9.60) Pest control workers ($14.13) Janitors ($11.80) Nursing aides and orderlies ($10.77) *Among fulltime workers Bureau of Labor Statistics 2006 report