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

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Presentation on theme: "So You Want to Be a Millionaire?? Work in the United States and Massachusetts."— Presentation transcript:

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

2 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.

3 What is the highest US unemployment has ever been? 5 percent 15 percent 25 percent 30 percent Axinn and Levin 1997 1 in 4 people was unemployed during the Great Depression.

4 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

5 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 http://www.dol.gov/esa/minwage/america.htm

6 What is the federal minimum wage? $5.75/hour $6.55/hour $7.25/hour $8.00/hour US Department of Labor http://www.dol.gov/ESA/minwage/chart.htm Until 2007 minimum wage had remained unchanged at $5.15 an hour for ten years.

7 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

8 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 20-64 For women with children under six 68% in 2008.

9 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

10 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 http://www.bls.gov/ncs/ocs/sp/ncbl0832.pdf

11 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 http://www.bls.gov/ncs/ocs/sp/ncbl0832.pdf


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