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This was a presentation to the North Charleston Youth Citizenship Academy. Other topics included voting responsibilities, dress for success, healthy eating, and other civic topics
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Jobs and Economic Jobs and Economic DevelopmentDevelopment
Why Should I Care About Them?Why Should I Care About Them?
Presentation by Gary Crossley to the Youth Presentation by Gary Crossley to the Youth
Citizenship Academy on Friday, June 17, 2011Citizenship Academy on Friday, June 17, 2011
2Workwww.LovetoWork.org
OutlineOutline
Why Should You Be Why Should You Be Concerned With Concerned With
Your Local, Your Local, Regional, State, Regional, State,
National, or World National, or World Economy and Economy and
Economic Economic Development?Development?
Education PaysEducation Pays
Economic ConceptsEconomic Concepts
Unemployment RateUnemployment Rate InflationInflation Supply and DemandSupply and Demand Interest RatesInterest Rates Wage LevelsWage Levels Downturns, Recessions, DepressionsDownturns, Recessions, Depressions All Economies Are Not Created EqualAll Economies Are Not Created Equal
RecessionsRecessions
Recession or a 3-D Depression?Recession or a 3-D Depression?
Depth – How high will the Depth – How high will the unemployment rate go? unemployment rate go? • U.S. 9.1%May vs. 5.0% in 2007U.S. 9.1%May vs. 5.0% in 2007• S.C. 9.8%April vs. 6.2% in 2008S.C. 9.8%April vs. 6.2% in 2008• Charleston 8.1% compared to 5.0% in Charleston 8.1% compared to 5.0% in
20072007 Duration – How long will the Duration – How long will the
downturn last?downturn last? Dispersion – How many industries are Dispersion – How many industries are
impacted?impacted?
Recession or DepressionRecession or Depression
Recession or DepressionRecession or Depression
Recession or DepressionRecession or Depression
Depth – How high will the Depth – How high will the unemployment rate go? unemployment rate go? • U.S. 9.8% vs. 5.0% last yearU.S. 9.8% vs. 5.0% last year• S.C. 11.5% vs. 6.2% in 2008S.C. 11.5% vs. 6.2% in 2008• Charleston 8.9% compared to 5.0%Charleston 8.9% compared to 5.0%
Duration – How long will the Duration – How long will the downturn last?downturn last?
DispersionDispersion
Economic DevelopmentEconomic Development
Location, Location, LocationLocation, Location, Location Worker Skills/Education OpportunityWorker Skills/Education Opportunity WagesWages Natural ResourcesNatural Resources Quality of LifeQuality of Life Business Climate/RegulationBusiness Climate/Regulation
Choosing a Career ASAPChoosing a Career ASAP
Assessment, what are your interests?Assessment, what are your interests? Skills, how can I improve my skills to Skills, how can I improve my skills to
get the best job for me?get the best job for me? Analysis, reviewing information to Analysis, reviewing information to
make the best decision for my make the best decision for my situationsituation
Preparation, doing what is neededPreparation, doing what is needed Just Do It!Just Do It!
Homework AssignmentHomework Assignment
Read the Business Section of the Read the Business Section of the Newspaper or Business MagazineNewspaper or Business Magazine
Notice Your Environment and Business Notice Your Environment and Business Landscape (Closing & Openings)Landscape (Closing & Openings)
Think about What you Enjoy DoingThink about What you Enjoy Doing Take an Interest Inventory at School Take an Interest Inventory at School
(SCOIS or Kuder)(SCOIS or Kuder) Improve your Basic Skills (School Improve your Basic Skills (School
Subjects/3Rs, WorkKeys)Subjects/3Rs, WorkKeys)
Presentation SummaryPresentation Summary
Know What and How Your Area Economy is Know What and How Your Area Economy is DoingDoing
Position Yourself to be in Sound Financial Position Yourself to be in Sound Financial Shape During All Economic SeasonsShape During All Economic Seasons
Work on Your Basic Skills because Work on Your Basic Skills because Education Pays!Education Pays!
Find an Occupation that You are Find an Occupation that You are Passionate About and Do it WellPassionate About and Do it Well
Care for Others, Your Family, Your Care for Others, Your Family, Your Community, and Yourself Community, and Yourself
Questions?Questions?
Gary Crossley, GCDFGary Crossley, GCDF
LovetoWork.org, LLCLovetoWork.org, [email protected]
2Workwww.LovetoWork.org
What – Me Worry?What – Me Worry?
Not about jobs or economic Not about jobs or economic development!development!
