Education Can Save Jobs

KAHOOT VERSION

Career

1. What is the meaning of “unemployment rate”?

1. The total number of unemployed adults in the United States
2. The percentage of adults not working but actively seeking a job
3. The percentage of people who have jobs
4. The percentage of people who are retired

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

1. What is the meaning of “unemployment rate”?

• The total number of unemployed adults in the United States
• The percentage of adults not working but actively seeking a job
• The percentage of people who have jobs
• The percentage of people who are retired

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

2. Economists pay close attention to the unemployment rate because:

• when less people work, the country produces less
• when less people work, the country produces more
• when less people work, the country produces the same amount
• they get paid more when employment increases

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

2. Economists pay close attention to the unemployment rate because:

• when less people work, the country produces less
• when less people work, the country produces more
• when less people work, the country produces the same amount
• they get paid more when employment increases

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

3. In early 2024, the unemployment rate in the U.S. was:

• 1.9%
• 2.9%
• 3.9%
• 4.9%

​

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

3. In early 2024, the unemployment rate in the U.S. was:

• 1.9%
• 2.9%
• 3.9%
• 4.9%

​

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

4. True or False? In 2024, the unemployment rate was the same for adults with a college degree and those without a degree.

1. True
2. False

​

​

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

4. True or False? In 2024, the unemployment rate was the same for adults with a college degree and those without a degree.

• True
• False

​

​

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

5. Why is education considered to have the potential to "save your job"?

1. It reduces the need for specific skill sets
2. It lowers the minimum wage requirements
3. It correlates with higher earnings and job security
4. It decreases the overall supply of workers

​

​

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

5. Why is education considered to have the potential to "save your job"?

• It reduces the need for specific skill sets
• It lowers the minimum wage requirements
• It correlates with higher earnings and job security
• It decreases the overall supply of workers

​

​

​

​

​

​

​

​

​

​

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Relevant Resources from NGPF:

• ECON: Scarcity, College, and Income (Activity)
• What are the 5 industries with the largest employment? (Question of the Day)
• What’s the Value of a College Major? (Data Crunch)

​

References:

• Unemployment by Education Level (MacroTrends)
• What are the earnings advantages from education? (OECD)
• How Is the U.S. Monthly Unemployment Rate Calculated? (Investopedia)
• College is still worth it, research finds — these majors have the lowest ROI (CNBC)

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

Do you think the correlation between higher education and job security will continue in the future? Why or why not?

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Relevant Resources from NGPF:

• ECON: Scarcity, College, and Income (Activity)
• What are the 5 industries with the largest employment? (Question of the Day)
• What’s the Value of a College Major? (Data Crunch)

​

References:

• Unemployment by Education Level (MacroTrends)
• What are the earnings advantages from education? (OECD)
• How Is the U.S. Monthly Unemployment Rate Calculated? (Investopedia)
• College is still worth it, research finds — these majors have the lowest ROI (CNBC)

​

​

​

EDUCATION CAN SAVE JOBS | MAY 31, 2024 EDITION | NEXT GEN PERSONAL FINANCE