This document discusses unemployment and inflation. It defines unemployment and how it is measured. High unemployment results in lost economic output and lower individual well-being. Factors like age, location, and occupation impact unemployment rates. Sources of unemployment include frictional, seasonal, structural, and cyclical factors. Full employment occurs when cyclical unemployment is low.
The document also defines inflation as a sustained increase in the overall price level. Inflation can be caused by demand-pull factors like increased spending or cost-push factors like higher supply costs. Anticipated inflation is less harmful than unanticipated inflation. High inflation decreases real wages and interest rates, slowing economic growth.
Based on the idea of the need for state regulation of the economy. No more self-adjustments
For the prosperity of the economy:
All have to spend as much money as possible;
The state should stimulate aggregate demand growth even by the budget deficit, debt and unsecured issue of money.
Based on the idea of the need for state regulation of the economy. No more self-adjustments
For the prosperity of the economy:
All have to spend as much money as possible;
The state should stimulate aggregate demand growth even by the budget deficit, debt and unsecured issue of money.
Topics discussed by Dr. Peter Linneman:
- Does it all come to an end if interest rates rise?
- Is a recession just around the corner? What warning signs should we look for?
- What does the new Administration and Congress mean for real estate and the economy?
- Audience questions
- And more!
Causes and Impacts of Inflation content slideshow. Designed for the Economic A level qualification. Can be used in revision and in class.
Subtopics
Causes of Inflation
Costs of Inflation
Why do we not want Zero Inflation?
Deflation
AS Macro - Unemployment and the Labour Markettutor2u
Unemployment is one of the major macro-economic
performance indicators. The more unemployed people
in our economy the more we are producing below our
potential, less income is earned (reducing saving,
consumption and tax revenue) and there is a negative
impact on the welfare of society.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
2. Unemployment
What is the lost to the us- personally and for the
economy when unemployment happens?
Personally:
Steady Paycheck to consumers
Social loss: low self-esteem and lost of identity
To the economy:
Lost output due to decreased disposal income in the
economy
3. What does the unemployment rate
measure?
The unemployment rate measures the healthiness of a
specific economy.
4. Measuring Unemployment
Civilian non-institutional adult population: all civilian
(meaning excluding the military) age 16 or older, except
those in prison, mental facilities or in homes for the
aged.
Labor Force: people in the adult population who are
either working or looking for work
People looking for a job, but cannot find one are unemployed
Not in the work force:
Stay at home moms
College students not looking for work
Retired workers
6. Measuring Unemployment
Under-employed: individuals who are working part-time
but would prefer full-time status.
These individuals are counted in the employed rate, making the
unemployment rate seem better than it actually is.
Where are we now:
http://data.bls.gov/timeseries/LNS14000000
7. Exhibit 1
LO1
The Adult Population Sums the Employed,
the Unemployed, and Those Not in the
Labor Force: February 2009 (in millions)
Unemployed
(12.5)
LABOR FORCE
(154.2)
Employed
(141.7)
NOT WORKING
(93.2)
Not in labor force
(80.7)
8. Labor Force Participation Rate
This measures the total number of people in a nation
that are ACTIVELY participating in the labor force, i.e.
they are working a part-time or full-time job.
Increase in women participates from 34% of adult women in
1950 to 60% of adult women today
10. Unemployment among Various
Groups
Unemployment in various groups:
Age: Higher unemployment among teenagers
Race
Gender
Geography
Occupation
13. Unemployment varies across
occupations and regions
Varies by occupations
Blue-collar workers- higher unemployment that professional and
technical workers
Varies by regions
Specific regions have higher unemployment rates
15. Sources of Unemployment
Frictional Unemployment: occurs when job seekers and
employers are not matched up.
The employer cannot find a qualified candidate
The job seeker is unable to find a match for his/her background
Seasonal Unemployment: occurs during seasonal
changes throughout the year
Landscapers
Snow Plowers
Amusement park operators
16. Sources of Unemployment
Structural Unemployment: occurs when the skills
demanded by employers do not match those of the
unemployed or the unemployed do not live where the
jobs are
Financial Analyst looking in a small town
Cyclical Unemployment: occurs with fluctuations to the
business cycle, increase during recessions and decrease
during booms
When cyclical unemployment is present, then the economy is
inside it’s PPF
The government will begin to make economic policy to increase
Aggregate Demand
18. What is full employment?
What is full employment so important?
It measures the health of the economy
This happens when cyclical unemployment is zero
This does not mean zero unemployment, but low
unemployment between 4 to 6 %
19. Unemployment Compensation
Cash transfers to those who lose their jobs and actively
seek employment
Benefits can last up to 6 months, during recessions
sometimes longer
Opportunity cost of unemployment benefits:
They may reduce the incentive for some individuals to find work
20. LO1
Exhibit 5
During the Last Quarter Century, the U.S.
Unemployment Rate Fell, Europe’s Remained
High, and Japan’s Rose
21. Problems with official unemployment
figures
Under-employment: the problem of individuals working a
part-time job when they actually want a full-time job
This is not measured in the unemployment rate
Example: M.S. in Economics working at a p-t bank teller
Some people may be pretending to look for jobs
Underground economy
Selling baked goods to friend
Selling illegal drugs
Doing the books for a friend
22. Inflation
What is inflation?
This is when the average price level increases for all goods
This has been a current concern due to the aggressive monetary
policy done by Ben Bernanke during the last few years
24. Hyperinflation
Hyperinflation: A very high rate of inflation. VERY
DANGEROUS!!!
In 1923 Germany faced this, please read the article on Germany
and watch this short youtube video
26. Two Sources of Inflation
Demand-pull inflation: a sustained rise in the price level
caused by a rightward shift of the aggregate demand
curve.
Increase in consumers purchasing ALL consumer items on the
average
This has not been a concern in the last few years because
consumers have not been consuming items due to the
uncertainty in the economy.
27. Two Sources of Inflation
Cost-push inflation: a sustained rise in the price level
caused by a leftward shift of the aggregate supply curve.
Also know as stagflation
A little look at inflation:
28. LO2
Exhibit 6
Inflation Caused by Shifts of Aggregate Demand
and Aggregate Supply Curves
(a) Demand-pull inflation: inflation caused
by an increase of aggregate demand
Price
level
AS
(b) Cost-push inflation: inflation caused
by a decrease of aggregate supply
Price
level
AD’
P
AD
AD
0
AS
P’
P’
P
AS’
Aggregate output
An outward shift of the aggregate demand
to AD’ “pulls” the price level up from P to P’.
0
Aggregate output
A decrease of aggregate supply to AS’
“pushes” the price level up from P to P’.
29. A little history on inflation and the
price level
Since 1913, steady increase in price levels
Before 1950s
High inflation that was war related, then in 1930s deflation occurred
Since 1950s
Inflation around 3.8% per year
32. Anticipated Versus Unanticipated
Inflation
Unanticipated will create more problems that anticipated
inflation
Example: Expected inflation of 3%, so lenders (such as banks)
will plan for this. However, if inflation increases to 5%, then the
lender will lose out, but the borrower will win!
Problems:
Real wages decrease- the dollar has less value
Real interest rates decrease- lenders lose money
Result:
Overall lose to the economy
33. Average Annual Inflation from 2004
to 2008 Differed across U.S.
Metropolitan Areas
Exhibit 8
LO2
34. Inflation and Interest Rates
What is interest?
The dollar amount paid by borrowers to lenders
Interest Rate: the amount paid per year as percentage of
the amount borrowed.
The lower this rate, the cheaper it is to borrow or invest in the
economy
Nominal Interest Rate: the interest rate expressed in
dollars of value as a percentage of the amount loaned (it
is not adjusted for inflation)
35. Inflation and Interest Rates
Real interest rate: the nominal rate minute the inflation
rate
Real interest rate= Nominal interest rate – inflation rate
What happens if expected inflation is high?
The nominal interest rate will increase because lenders want to get
them money back with INTEREST!!
36. Exhibit 10
LO2
The Market for Loanable Funds
Nominal interest rate
S
i
D
0
Loanable funds per period
The upward sloping supply
curve, S, shows that more
loanable funds are supplied at
higher interest rates.
The downward-sloping demand
curve, D, shows that the quantity
of loanable funds demanded is
greater at lower interest rates.
The two curves intersect to
determine the market interest
rate, i.
37. Why are we scared of inflation?
The presence of inflation means EVERYTHING cost
more, so the price of goods goes up
What does this mean?
It is hard for firms to hire as much
It makes it hard for consumers to buy as much!!!
Why do we care?
These two things decrease economic growth!!!