Economics Discussion

“Unemployment and Inflation”

• Using the e-Activity, compare the unemployment rate in your state to the national average of the past four years. Compare the trends in relation to the types of unemployed workers in your state. Provide support for your response.

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  • Go to the Bureau of Labor Statistics at www.bls.gov. Navigate to “Subject Areas” at the top of the home page, and then under “Unemployment,” review both National Unemployment Rate and Local Area Unemployment Statistics. ; Next, navigate to “Database & Tools” at the top of the home page, and select “Top Picks”. Be prepared to discuss. ;

• Imagine that you have a fixed 30-year interest rate for your mortgage, and the economy has experienced unanticipated inflation. Examine who the winner and loser would be. Is it the borrower or the lender in the given scenario? Provide support for your response.