SOC227H5 Lecture Notes - Lecture 3: Blue-Collar Worker, Employment-To-Population Ratio

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7 Jan 2016
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Soc227 lecture 3 workforce activity. Lazy men in tallulah, education scores are poor even by louisiana"s standards. Paid work: anything done that an individual gets money for. Unpaid work: anything done in which the individual does not get paid for, ex. Labor force = employed + unemployed. Participation rate = proportion of those 15 + who are employed or looking. Participation rate (more focused on the individuals doing these jobs) Sets of optimism or pessimism of economy. Cultural influences on participation rate. Top path: as lm conditions go down, layoffs go up ( - , because of more layoffs, as layoffs go up, unemployment rate goes up ( + , workers looking for new jobs, assume lf stays the same (denominator) Unemployment rate = unemployed labour force. Bottom path: as lm conditions go down, part rate goes down ( + , people give up looking, become inactive, as part rate goes down, unemployment rate goes down.

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