In this assignment, you need to identify only two main issues related to unemployment and/or inflation. You can choose two unemployment related issues, or two inflation related issues, or one unemployment related issue and one inflation related issues.
Identify only two main issues related to unemployment and/or inflation
A high unemployment rate in any economy is a symptom of dysfunctionality in the economy. People need income to be able to consume, and consumption leads to production and production leads to higher demand for labor (employment), so unemployment is a crucial macroeconomic issue that confronts all modern economies. A lower unemployment rate, however, is not the end of the problem. The type of employment and the price of labor (wages) have to be sufficient in order for consumption (which is the major component of GDP) in the economy to be healthy. If wages are low or if the prices in the economy are high, consumption would be low and thus, production and demand for labor would be low, too. High unemployment rate, high part-time employment rate for economic reasons, low wages, and high inflation could have negative effects on economic growth.
In this assignment, you need to identify only two main issues related to unemployment and/or inflation. You can choose two unemployment related issues, or two inflation related issues, or one unemployment related issue and one inflation related issues. Then you are going to study their past trends. Provide an overview of their current status, and provide solutions to overcome them. You will use data, articles, experts’ opinions, and government reports to draw a clear picture of the current unemployment and inflation issues.
Some areas you might consider are the following (you could also choose different topics).
Firstly, Part-time employment rates for economic reasons
Secondly, Unemployment rates among young college graduates
Thirdly, Unemployment rates by gender
Fourthly, Unemployment rates among Black and Hispanic communities
Further, Low supply of labor (professionals) in certain industries
Additionally, High supply of labor in education
Furthermore, Low wages by profession and their causes
Moreover, Low demand for labor in some industry (you could choose whatever industry you wish)
Also, Low wages in some parts of the country
Moreover, High unemployment rate among workers with high school diploma or less
Also, The increase in the price of housing and its effect on investment
Finally, The increase in the price of healthcare and education and their effect on consumption
Your research needs to be structured with consistent and clear thoughts. It also needs to be supported by actual data. Your results need to be based on solid facts. Your conclusion and recommended solution need to be thorough and based on your findings and understanding of macroeconomic challenges and macroeconomic policies.