Similar presentations:
The Labor Market
1. The Labor Market
Chapter 62. 6-1 A Tour of the Labor Market
Figure 6-1 Population, Labor Force, Employment, and Unemploymentin the United States (in millions), 2010
6-2
© 2013 Pearson Education, Inc. All rights reserved.
3. 6-1 A Tour of the Labor Market
Figure 6-2 Average Monthly Flows between Employment,Unemployment, and Nonparticipation in the United States, 1994 to
2011 (millions)
6-3
© 2013 Pearson Education, Inc. All rights reserved.
4. 6-2 Movements in Unemployment
Figure 6-3 Movements in the U.S. Unemployment Rate, 1948–2010
6-4
© 2013 Pearson Education, Inc. All rights reserved.
5. 6-2 Movements in Unemployment
Figure 6-4 The Unemployment Rate and the Proportion ofUnemployed Finding Jobs, 1994–2010
6-5
© 2013 Pearson Education, Inc. All rights reserved.
6. 6-2 Movements in Unemployment
Figure 6-5 The Unemployment Rate and the MonthlySeparation Rate from Employment, 1994–2010
6-6
© 2013 Pearson Education, Inc. All rights reserved.
7. Focus: Henry Ford and Efficiency Wages
Table 1 Annual Turnover and Layoff Rates (%) at Ford, 1913–1915
6-7
© 2013 Pearson Education, Inc. All rights reserved.
8. 6-3 Wage Determination
6-8© 2013 Pearson Education, Inc. All rights reserved.
9. 6-4 Price Determination
6-9© 2013 Pearson Education, Inc. All rights reserved.
10. 6-5 The Natural Rate of Unemployment
6-10© 2013 Pearson Education, Inc. All rights reserved.
11. 6-5 The Natural Rate of Unemployment
Figure 6-6 Wages, Prices, and the Natural Rate of Unemployment6-11
© 2013 Pearson Education, Inc. All rights reserved.
12. 6-5 The Natural Rate of Unemployment
6-12© 2013 Pearson Education, Inc. All rights reserved.
13. 6-5 The Natural Rate of Unemployment
Figure 6-7 Unemployment Benefits and the Natural Rate ofUnemployment
6-13
© 2013 Pearson Education, Inc. All rights reserved.
14. 6-5 The Natural Rate of Unemployment
Figure 6-8 Markups and the Natural Rate of Unemployment6-14
© 2013 Pearson Education, Inc. All rights reserved.
15. 6-5 The Natural Rate of Unemployment
6-15© 2013 Pearson Education, Inc. All rights reserved.
16. Appendix: Wage- and Price-Setting Relations versus Labor Supply and Labor Demand
Figure 1 Wage and Price Setting and the Natural Level ofEmployment
6-16
© 2013 Pearson Education, Inc. All rights reserved.