Lecture9-labor

Lecture9-labor - Tracking Labor Econ 2: Principles of...

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Unformatted text preview: Tracking Labor Econ 2: Principles of Macroeconomics Peter Rupert UCSB Winter, 2010 1 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Note We will be doing Chapter 15 before 14 2 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Tracking the Economy The Labor Market Labor market continues to struggle 3 / 34 Econ 2: Principles of Macroeconomics Tracking Labor 4 / 34 Econ 2: Principles of Macroeconomics Tracking Labor 5 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Labor Market (1) The employment to population ratio (CPS, SA, age 16 and older) is about: (a.) 30% (b.) 40% (c.) 50% (d.) 60% (e.) 70% 6 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Labor Market (1) The employment to population ratio (CPS, SA, age 16 and older) is about: (a.) 30% (b.) 40% (c.) 50% (d.) 60% X (e.) 70% 6 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Year Percent 1950 1960 1970 1980 1990 2000 2010 56 58 60 62 64 Employment to Population Ratio Source: Bureau of Labor Statistics 7 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Labor Market (1) Total Private employment (CES, SA)(age 16 and older) is about: (a.) 72,000,000 (b.) 84,000,000 (c.) 108,000,000 (d.) 122,000,000 (e.) 134,000,000 8 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Labor Market (1) Total Private employment (CES, SA)(age 16 and older) is about: (a.) 72,000,000 (b.) 84,000,000 (c.) 108,000,000 X (d.) 122,000,000 (e.) 134,000,000 8 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Year All Employees, thousands 1970 1980 1990 2000 2010 40000 60000 80000 100000 120000 Employment Source: Bureau of Labor Statistics 9 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Private Employment Months from previous peak Percentage change from previous peak Source: Bureau of Labor Statistics 5 10 15 20 25 30 35-8-6-4-2 2 4 6 8 1973 cycle 1981 cycle 1990 cycle 2001 cycle Current cycle 10 / 34 Econ 2: Principles of Macroeconomics Tracking Labor Employment to Population (above 16) Ratio Quarters from previous peak Percentage change from previous peak Source: Bureau of Labor Statistics...
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Lecture9-labor - Tracking Labor Econ 2: Principles of...

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