Achiadkalman Posted May 28, 2015 Report Share Posted May 28, 2015 (edited) Hello, I have a Macroeconomics IA to handle in the 5th of June. I have already chose an article. The article is about something that just happened in Israel- the unemployment rate dropped to 4.9%. The problem is that I do not know how to illustrate it, which diagram to draw? how to analyze it? The teacher told me that the article is amazing but I really do not know how to illustrate it... Can you please help? ***Thank you!*** Here is the article: http://www.haaretz.com/business/.premium-1.658075 here is exactly what's written there: Israel's unemployment rate falls below 5% But labor expert says many working at jobs beneath their skills. Israel’s unemployment rate, which has been at its lowest in decades, slipped below the 5% level in April to reach a seasonally adjusted 4.9%, the Central Bureau of Statistics reported on Monday.Not only did the jobless rate for Israelis age 15 and up show a sharp decline, from 6.5% in June 2014, other labor market indicators showed improvement as well. The percentage of the adult population over 15 with a job or actively seeking one — the labor force participation rate — rose to 64% from 63.5%.The CBS said the unemployment rate for the key 25-64 working-age population dropped to 4.2% last month from 4.6% in March, while the group’s labor force participation rate climbed to 76.4% from 75.8%.Nevertheless, Esther Toledano, a labor market expert at the National Insurance Institute, said too many Israelis are employed in jobs not in line with their skills and training and often drift from job to job. “If unemployment benefits were higher and were paid for longer periods ... more unemployed people would be able to look for and find work commensurate with their abilities,†she said. Edited May 28, 2015 by Achiadkalman Reply Link to post Share on other sites More sharing options...
NLC14 Posted June 3, 2015 Report Share Posted June 3, 2015 Hello, I myself am doing a macroeconomics IA! So I am not really good at economics but you could use the phillips curve which axis are the unemployment and interest rate. And since the Israel's unemployment rate is falling you can show how it has been falling and illustrate it in many graphs as possible. As well relate it back to the interest rate by using the diagramI hope this helped a bit and good luck with your IA! Reply Link to post Share on other sites More sharing options...
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