The Labor Market
6-1 A Tour of the Labor Market
6-1 A Tour of the Labor Market
6-2 Movements in Unemployment
6-2 Movements in Unemployment
6-2 Movements in Unemployment
Focus: Henry Ford and Efficiency Wages
6-3 Wage Determination
6-4 Price Determination
6-5 The Natural Rate of Unemployment
6-5 The Natural Rate of Unemployment
6-5 The Natural Rate of Unemployment
6-5 The Natural Rate of Unemployment
6-5 The Natural Rate of Unemployment
6-5 The Natural Rate of Unemployment
Appendix: Wage- and Price-Setting Relations versus Labor Supply and Labor Demand
0.96M
Category: economicseconomics

The Labor Market

1. The Labor Market

Chapter 6

2. 6-1 A Tour of the Labor Market

Figure 6-1 Population, Labor Force, Employment, and Unemployment
in the United States (in millions), 2010
6-2
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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
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4. 6-2 Movements in Unemployment

Figure 6-3 Movements in the U.S. Unemployment Rate, 1948–
2010
6-4
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5. 6-2 Movements in Unemployment

Figure 6-4 The Unemployment Rate and the Proportion of
Unemployed Finding Jobs, 1994–2010
6-5
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6. 6-2 Movements in Unemployment

Figure 6-5 The Unemployment Rate and the Monthly
Separation Rate from Employment, 1994–2010
6-6
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7. Focus: Henry Ford and Efficiency Wages

Table 1 Annual Turnover and Layoff Rates (%) at Ford, 1913–
1915
6-7
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8. 6-3 Wage Determination

6-8
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9. 6-4 Price Determination

6-9
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10. 6-5 The Natural Rate of Unemployment

6-10
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11. 6-5 The Natural Rate of Unemployment

Figure 6-6 Wages, Prices, and the Natural Rate of Unemployment
6-11
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12. 6-5 The Natural Rate of Unemployment

6-12
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13. 6-5 The Natural Rate of Unemployment

Figure 6-7 Unemployment Benefits and the Natural Rate of
Unemployment
6-13
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14. 6-5 The Natural Rate of Unemployment

Figure 6-8 Markups and the Natural Rate of Unemployment
6-14
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15. 6-5 The Natural Rate of Unemployment

6-15
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16. Appendix: Wage- and Price-Setting Relations versus Labor Supply and Labor Demand

Figure 1 Wage and Price Setting and the Natural Level of
Employment
6-16
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