Analyze the labor market, Analyze the 2006-2016 period;

Analyze the labor market

Reference no: EM133710965

Question: For this box you will analyze the labor market before, during, and after the financial crisis.

You will analyze the 2006-2016 period; these are the years that have the same unemployment rates that book-end the period, 4.7% in both January of 2006 and in December of 2016.

- Go to BLS.gov and look for 1) the Unemployment Rate; 2) Labor Force Participation Rate; and 3) hours of work (search: total private average weekly hours of all employees), this one is available starting from March of 2006.

The purpose of this box is to document and explain these three indicators [25 points each indicator] during the Great Recession and unify the three measures into a unified description of the labor market in the context of the financial crisis [25 points].

The participation rate and hours correspond to the extensive and intensive margins, respectively. The "extensive margin" refers to whether or not to work, and the "intensive margin" refers to how many hours, once one has decided to work (in line with the labor-leisure model of the household).

The box should reflect your familiarity with the concepts and the definitions. And, as always, the charts should have a title and have the axis labeled (with time in x-axis, and label variable(s) and units in the y-axis).

Reference no: EM133710965

Questions Cloud

increased respiratory rate and subcostal retractions : A nurse working in the emergency department (ED) is caring for a newborn brought to the ED for increased respiratory rate and subcostal retractions.

Discuss a range of strategies to reduce crime : If all levels of government worked together, considering a range of strategies to reduce crime and building towards safer communities.

Which curve should you choose to get the highest level : Consider the indifference curves below. Which curve should you choose to get the highest level of individual satisfaction?

Care plan of infant in heart failure : What information would be included in the care plan of an infant in heart failure? Maintain child in the supine position.

Analyze the labor market : Analyze the 2006-2016 period; these are the years that have the same unemployment rates that book-end the period, 4.7% in both January of 2006 and in December

Which logical consequences would be appropriate : Which interventions or actions could you use to influence the student to behave appropriately? Which logical consequences would be appropriate?

Breathing heavy and very shaky and panicky : Well-developed 45-year-old female in no acute distress but does appear to be breathing heavy and very shaky and panicky

How would the u.s. competitive position change : Europe inflation 2% United States inflation 4% Dollar depreciation 3% Given this information, how would the U.S. competitive position change

What are some practical things you could do to raise : Does the law of diminishing marginal utility hold for all goods and services we buy and consume? What are the exceptions?

User Account

All Pages