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..

The Labor-Market Experiences of Various Demographic Groups

The Labor-Market Experiences of Various Demographic Groups

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 labor-market experiences vary widely among groups within the economy. The BLS” data on the labor market also allow economists and policymakers to monitor changes in the economy over time. Figure 2 shows the unemployment rate in the United States since 1960. The figure shows that the economy always has some unemployment and that the amount changes from year to year.