Unemployment History

by Elaine Schwartz    •    Feb 3, 2010    •    402 Views

With unemployment data scheduled for a Friday release, it might be helpful to place the numbers in perspective. The Dallas Fed has illustrated the following conclusions through a series of graphs comparing employment trends now to past recessions.

1. The unemployment rate is rising faster than any previous recession since WW II.
2. Showing somewhat of a mirror image of #1, civilian employment is steeply falling.
3. Current unemployment levels are far less than during the Great Depression.
4. While the civilian labor force can grow during a recession, recently, the numbers have fallen.

The Economic Lesson
To be defined as a member of the labor force, an individual is:
-16 years old or older
-employed
-unemployed and looking for a paying job

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

« »