Bellwork  How concerned are you about being able to find a job when you enter the labor force? Ten years from now,  Do you think it will be easy or hard to get a job?  What about keeping a job?  What could prevent you from getting the job they want?

Labor Trends and the Economy Standard: : describe the current economy and labor market including the types of goods and services produced, the types of skills workers need, the effects of rapid technological change and the impact of international competition. Essential Question: How is the US labor force changing?

Economics define the labor force as all nonmilitary people who are employed or unemployed. Employment People are considered employed if they are 16 years or older and meet at least one of the following requirements:  They worked a least one hour for pay within the last week; or  They worked 15 or more hours without pay in a family business; or  The held jobs but did not work due to illness, vacations, labor disputes, or bad weather. Unemployment People are considered unemployed if they are 16 years or older and meet the following criteria:  They do not have a job; and  They have actively looked for work in the prior 4 weeks; and  They are currently available for work. How is the US labor force changing?

Occupational Trends A Changing Economy  The economy of the United States has transformed from a mainly agricultural economy in the 1800s, to an industrial giant in the 1900s. Fewer Goods, More Services  Overall, the United States is shifting from a manufacturing economy to a service economy.  As service jobs increase, the nation is losing manufacturing jobs to other countries where labor is cheaper.  Demand for skilled labor is rising, and the supply of skilled workers is increasing to meet the demand. How is the US labor force changing?

The Changing Labor Force College Graduates at Work The screening effect theory suggests that the completion of college indicates to employers that a job applicant is intelligent and hard-working. The learning effect is the theory that education increases productivity and results in higher wages. How is the US labor force changing?

Education and Income  Potential earnings increase with increased educational attainment. Source: U.S. Census Bureau Over the past 20 years, earnings for college graduates have increased, while earnings for workers without college degrees have decreased. How is the US labor force changing?

People are talking…  What have you heard or read about people working or not working in today's economy?  Do you know of anyone who has had to take an unexpected career path due to the economic downturn? How is the US labor force changing?

United States - Monthly Data Data Series Mar 2013 Apr 2013 May 2013 June 2013 July 2013 Aug 2013 Unemployment RateUnemployment Rate (1)(1) Change in Payroll Employment (2) Average Hourly EarningsAverage Hourly Earnings (3)(3) How is the US labor force changing?

California Rates Data Series Mar 2013 Apr 2013 May 2013 June 2013 July 2013 Aug 2013 Civilian Labor Force 18, , , , , ,580.7 Employment 16, , , , , ,935.0 Unemployment 1,749.21,672.81,608.11,592.81,623.41,645.7 Unemployment Rate How is the US labor force changing?

Projected Trends  What do you think you can do now to get a job and stay employed in the future? One strategy is to begin designing a working plan that matches your interests with projected labor force trends.  Share your plans with your seat partner. Tell them about the career and expectations of growth. What are you doing to prepare yourself for your future employment? Has the current economic situation had any effect on your plans or your preparation? Who can help you achieve your goals? How is the US labor force changing?

What do you know about the labor force?  What do you know about the current U.S. labor force?  Are there more men or women in the labor force?  More Caucasians, African Americans, or Asian Americans?  What percent of the labor force participates in the market? How is the US labor force changing?

What do you know about the labor force? (the answers)  What do you know about the current U.S. labor force?  Are there more men or women in the labor force?  More Caucasians, African Americans, or Asian Americans?  What percent of the labor force participates in the market?  there more men  Caucasians  64% How is the US labor force changing?

Projected Trends  As a group you have five seconds to decide: will this the number of people in this occupation increase by 2020 or decrease? How is the US labor force changing?

Projected Trends  Home health aides  Postal service workers  Farmers  Event Planners How is the US labor force changing?

Assignment  Page 217 #1-3

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