JOB SEARCH

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JOB SEARCH One reason economies always experience some unemployment is job search. Job search is the process of matching workers with appropriate jobs. If all workers and all jobs were the same, so that all workers were, equally well suited for all jobs, job search would not be a problem. Laid-off workers would quickly find new jobs that […]

A Growing Number of Men Are Not Working, So What Are They Doing?

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A Growing Number of Men Are Not Working, So What Are They Doing. A growing number of men in their prime working years arc pursuing what might be called the Kramer lifestyle, after the enigmatic “Seinfeld” character: neither working nor attending school. In 1967, 2.2 percent of non institutionalized men age 25 to 54 spent the entire […]

How LONG ARE THE UNEMPLOYED WITHOUT WORK?

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How LONG ARE THE UNEMPLOYED WITHOUT WORK? In judging how serious the problem of unemployment is, one question to consider is whether unemployment is typically a short-term or long-term condition. If unemployment is short-term, one might conclude that it is not a big problem. Workers may require a few weeks between jobs to find the openings that best […]

LABOR FORCE PARTICIPATION OF MEN AND WOMEN IN THE U.S. ECONOMY

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LABOR FORCE PARTICIPATION OF MEN AND WOMEN IN THE U.S. ECONOMY Women’s role in American society has changed dramatically  the past century. Social commentators have pointed to many causes for this change. In part, it Suitable to new”technologies, such as the washing machine, clothes dryer, refrigerator, freezer, and dishwasher,  have reduced the amount of time required to complete […]

Unemployment Rate since 1960

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Unemployment Rate since 1960 This graph uses annual data on the U.S. unemployment rate to show the percentage of the labor force without a job. The natural rate of unemployment is the normal level of unemployment around which the unemployment rate fluctuates The normal rate .of unemployment around which the unemployment rate fluctuates is called the natural […]

The Labor-Market Experiences of Various Demographic Groups

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The Labor-Market Experiences of Various Demographic Groups This table shows the unemployment rate and the labor-force participation rate of various groups in the U.S. population for 2004.. but they have much higher rates of unemployment. Third, teenagers have lower rates of labor-force participation and much higher rates of unemployment than older workers. More generally, these data show that […]

The Breakdown of the Population in 2004

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The Breakdown of the Population in 2004 The Bureau of Labor Statistics divides the adult population into three categories: employed, unemployed, and not in the labor force. This statistic tells us the fraction of the population that has chosen to participate in the labor market. The labor-force participation rate. like the unemployment rate. is computed both for […]

HOW IS UNEMPLOYMENT MEASURED

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HOW IS UNEMPLOYMENT MEASURED Measuring unemployment is the job of the Bureau of Labor Statistics (BLS), which is part of the Department of Labor. Every month, the BLS produces data on unemployment and on other aspects of the labor market, such as types of employment, length of the average workweek, and the duration of unemployment. These data come from […]