Unformatted text preview: V ARIOUS D EMOGRAPHIC G ROUPS . This table shows the unemployment rate and the labor-force participation rate of various groups in the U.S. population for 1998. 10 8 6 4 2 1970 1975 1960 1965 1980 1985 1990 2000 Percent of Labor Force 1995 Natural rate of unemployment Unemployment rate Figure 26-2 U NEMPLOYMENT R ATE SINCE 1960. This graph uses annual data on the unemployment rate to show the fraction of the labor force without a job. Source: U.S. Department of Labor. cyclical unemployment the deviation of unemployment from its natural rate...
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- Spring '10
- Unemployment, natural rate, labor-force participation rate