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Figure 7.1 Classifications in the Household Survey.

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Presentation on theme: "Figure 7.1 Classifications in the Household Survey."— Presentation transcript:

1 Figure 7.1 Classifications in the Household Survey

2 Table 7.1 Unemployment for Different Groups (May, 2006) Group Unemployment rate All Workers4.6 Race and ethnicity [1] [1] White4.1 Black or African American8.9 Hispanic or Latino Ethnicity5.0 Age Teenage (age 16-19)14.0 Education Less than a high school diploma 6.9 Bachelor’s degree and higher2.1 Gender Adult Male4.2 Adult Female4.1

3 Figure 7.2 Unemployment Over the Business Cycle, U.S. 1969-2006

4 Figure 7.3 A Supply and Demand Model for Labor

5 Figure 7.4 Classical Unemployment

6 Figure 7.5 The Keynesian Model of Employment Determination

7 Figure 7.6 The “Natural” Rate of Unemployment

8 Figure 7.7 The Non-Accelerating Inflation Rate of Unemployment (NAIRU)

9 Figure 7.8 Empirical Data and the “Natural” Rate

10 Figure 7.9 Labor Force Participation Rates by Sex, 1950-2006


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