CHAPTER 3 Working for a Living Monitoring Labor

Exhibit 3 -1 Unemployment Rate Copyright© 2008 South-Western, a part of Cengage Learning. All

Exhibit 3 -2 Employment Status of the U. S. Noninstitutional Population 16 Years of

Exhibit M 3 -1 Changes in Employment Household Survey versus Establishment Survey: January 1997 to January 2006 Sources: Federal Reserve Bank of St. Louis, Economic Data—FRED, http: //research. stlouisfed. org/fred 2/series/ UEMPMED? &cid=10 (accessed September 5, 2006); U. S. Department of Labor, Bureau of Labor Statistics, Historical Employment in the United States, http: //www. bls. gov/ro 3/fax_9586. pdf (accessed September 5, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -3 Labor Force Participation Rate Copyright© 2008 South-Western, a part of Cengage

Exhibit 3 -4 Labor Force Participation Rates in Selected OECD Nations: 2004 Source: OECD, OECD Employment Outlook (Paris: Author, 2005), 238. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -5 U. S. Labor Force Participation Rates: 1960– 2005 Source: U. S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, http: //www. bls. gov/webapps/legacy/cpsatab 1. htm (accessed September 5, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -6 Summary of Unemployment Types Copyright© 2008 South-Western, a part of Cengage

Exhibit 3 -7 Standardized Unemployment Rates in Selected OECD Nations: 2004 Source: OECD, OECD Employment Outlook (Paris: Author, 2005), 237. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -8 The Employment Rate Copyright© 2008 South-Western, a part of Cengage Learning.

Exhibit 3 -9 U. S. Employment Rate: January 1960–August 2006 Source: U. S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, http: //www. bls. gov/webapps/legacy/cpsatab 7. htm (accessed September 5, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -10 Employment-to-Population Ratios for People 15 to 64 Years of Age in Selected OECD Nations: 2004 *The data are for those 16 to 64 years of age. Source: OECD, OECD Employment Outlook (Paris: Author, 2005), 238, http: //www. oecd. org/dataoecd/36/30/ 35024561. pdf (accessed February 1, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -11 Calculation of Unemployment and Employment Rates Copyright© 2008 South-Western, a part

Exhibit 3 -12 Effects on Unemployment Rate and Employment Rate if Two Million People Enter the Labor Force: One Million Find Jobs, and One million are Unemployed and Actively Seeking Work Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -13 Duration of Unemployment Sources: Federal Reserve Bank of St. Louis, Economic Data—FRED, http: //research. stlouisfed. org/ fred 2/series/UEMPMED? &cid=10 (accessed September 5, 2006); U. S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, http: //www. bls. gov/cps/ (accessed September 5, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Exhibit 3 -14 Unemployment by Demographic Characteristic, August 2006 Source: U. S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, http: //www. bls. gov/webapps/legacy/cpsatab 2. htm (accessed February 1, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.

Economic Information for Switzerland, 2001– 2005 Copyright© 2008 South-Western, a part of Cengage Learning.

Exhibit A 3 -1 U. S. Unemployment Rate, January 1960–August 2006 Source: U. S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, http: //www. bls. gov/webapps/legacy/cpsatab 7. htm (accessed September 5, 2006). Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.