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Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

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Copyright©2004 South-Western 28 28 Unemployment and Its Natural Rate

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Page 1: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Copyright©2004 South-Western

2828Unemployment and

Its Natural Rate

Page 2: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Copyright©2004 South-Western

Figure 1 The Breakdown of the Population in 2001

Page 3: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Table 1 The Labor-Market Experiences of Various Demographic Groups

Copyright©2004 South-Western

Page 4: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Copyright©2004 South-Western

Figure 2 Unemployment Rate since 1960

Page 5: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Copyright©2004 South-Western

Figure 3 Labor-Force Participation Rates for Men and Women since 1950

Page 6: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Table 2 Alternative Measures of Labor Underutilization

Copyright©2004 South-Western

Page 7: Copyright©2004 South-Western 28 Unemployment and Its Natural Rate.

Copyright©2004 South-Western

Figure 4 Unemployment from a Wage above the Equilibrium Level

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