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Economics for your Classroom fromEd Dolan’s Econ BlogBroad and Long-Term Unemployment Fall in May as Workers Return to Labor ForceJune 6, 2014 презентация
Содержание
- 1. Economics for your Classroom fromEd Dolan’s Econ BlogBroad and Long-Term Unemployment Fall in May as Workers Return to Labor ForceJune 6, 2014
- 2. Unemployment at 6.3 Percent in May The
- 3. Broad vs. Standard Unemployment Rate The BLS
- 4. Involuntary Part-time Work Falls in May One
- 5. 217,000 New Payroll Jobs The BLS
- 6. Long-term Unemployment Falls to Low for Recovery
- 7. Click here Click here to learn more
Unemployment at 6.3 Percent in May The US unemployment rate remained at 6.3% in June 6014, its low for the recovery. The unemployment rate is the ratio of unemployed persons to
Слайд 1Economics for your Classroom from Ed Dolan’s Econ Blog Broad and Long-Term Unemployment
Fall in May as Workers Return to Labor Force
June 6, 2014
Слайд 2Unemployment at 6.3 Percent in May
The US unemployment rate remained at
6.3% in June 6014, its low for the recovery. The unemployment rate is the ratio of unemployed persons to the labor force.
The labor force grew by 190,000, partially reversing a sharp drop in April. The number of unemployed workers rose by 46,000 and the number of employed increased by 145,000
The unemployment rate is based on a monthly survey of households
The labor force grew by 190,000, partially reversing a sharp drop in April. The number of unemployed workers rose by 46,000 and the number of employed increased by 145,000
The unemployment rate is based on a monthly survey of households
June 6, 2014 Ed Dolan’s Econ Blog
Слайд 3Broad vs. Standard Unemployment Rate
The BLS also provides a broader measure
of job-market stress, U-6
The numerator of U-6 includes
Unemployed persons
Marginally attached persons who would like to work but are not looking because they think there are no jobs, or for personal reasons
Part-time workers who would prefer full-time work but can’t find it
The denominator includes the labor force plus the marginally attached
U-6 fell to 12.2 percent in May, a new low for the recovery
The numerator of U-6 includes
Unemployed persons
Marginally attached persons who would like to work but are not looking because they think there are no jobs, or for personal reasons
Part-time workers who would prefer full-time work but can’t find it
The denominator includes the labor force plus the marginally attached
U-6 fell to 12.2 percent in May, a new low for the recovery
June 6, 2014 Ed Dolan’s Econ Blog
Слайд 4Involuntary Part-time Work Falls in May
One component of the broad unemployment
rate consists of people working part-time “for economic reasons,” popularly known as “involuntary part-time” employment.
This category includes workers who would like full-time work but can’t find it, or whose employers have cut their hours below full time
Involuntary part-time work fell in May, resuming the downward trend since its peak in late 2009
This category includes workers who would like full-time work but can’t find it, or whose employers have cut their hours below full time
Involuntary part-time work fell in May, resuming the downward trend since its peak in late 2009
June 6, 2014 Ed Dolan’s Econ Blog
Слайд 5217,000 New Payroll Jobs
The BLS conducts a separate survey of
payroll jobs based on employer records. According to that survey, payroll jobs grew by 217,000 in May
The average monthly increase in payroll jobs over the past 12 months has been 190,000
Job gains were spread broadly across goods, services, and government
The average monthly increase in payroll jobs over the past 12 months has been 190,000
Job gains were spread broadly across goods, services, and government
June 6, 2014 Ed Dolan’s Econ Blog
Слайд 6Long-term Unemployment Falls to Low for Recovery
The recession and slow recovery
have been characterized by unusually high levels of long-term unemployment
The percentage of the unemployed out of work for 27 weeks fell to 34.6 percent, a new low for the recovery
The median and mean duration of unemployment also decreased for the month
The percentage of the unemployed out of work for 27 weeks fell to 34.6 percent, a new low for the recovery
The median and mean duration of unemployment also decreased for the month
June 6, 2014 Ed Dolan’s Econ Blog
Слайд 7Click here Click here to learn more about Ed Dolan’s Econ
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