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Demographics of Unemployment: Ethnicity & Unemployment: Key: Green – African American – 15.3% Yellow – Latin/Hispanic American – 11.6% Blue – Caucasian.

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Presentation on theme: "Demographics of Unemployment: Ethnicity & Unemployment: Key: Green – African American – 15.3% Yellow – Latin/Hispanic American – 11.6% Blue – Caucasian."— Presentation transcript:

1 Demographics of Unemployment: Ethnicity & Unemployment: Key: Green – African American – 15.3% Yellow – Latin/Hispanic American – 11.6% Blue – Caucasian American – 8% Red – Asian American – 6.8% http://www.deptofnumbers.com/unemployment/demographics/

2 Demographics of Unemployment Continued: Education & Unemployment: Key: Blue – Less than a high school education – 13.9% Green – High school graduate with no college experience – 9.5% Yellow – Some college experience such as an Associate Degree – 7.8% Red – College graduate with a Bachelor’s degree or more – 4.3% http://www.deptofnumbers.com/unemployment/demographics/

3 Demographics of Unemployment Continued: Age & Unemployment: Gender & Unemployment: Key: Ages 25-34 – 9.4% Ages 35-44 – 7.4% Ages-45-54 – 7.0% Ages 55+ - 6.4% Key: Male – 9.3% Female – 8.5% http://www.deptofnumbers.com/unemployment/demographics/

4 Demographics of Unemployment Continued: Teenagers & Unemployment: Quantity of Labor Price (Wages) $6.55 $7.25 Equilibrium Wages Surplus because demand is unequal to supply Notes: Unemployment Rate Before Minimum Wage Increase – 23.8% Unemployment After Minimum Wage Increase – 25.9%


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