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Business Cycle & Unemployment

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Timothy Smith
Timothy Smith
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Business Cycle and Unemployment
business cycle ,[object Object]
Hypothetical Business Cycle Peak Peak Trough Recession Recovery Growth trend line
unemployment is caused by... ,[object Object]
unemployment rate ,[object Object]
Total Population age 16 and over Not in Labor Force Armed forces Household workers Students Retirees Persons with disabilities Institutionalized Discouraged workers Civilian labor force Employed Employees Self-employed Unemployed New entrants Re-entrants Lost last job Quit last job Laid off
discouraged worker? ,[object Object]
20 15 10 5 1930 40 50 60 25 70 80 90 00 The U.S. Unemployment Rate
seasonal unemployment ,[object Object]
frictional unemployment ,[object Object]
structural unemployment ,[object Object]
cyclical unemployment ,[object Object]

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Business Cycle & Unemployment

  • 1. Business Cycle and Unemployment
  • 2.
  • 3. Hypothetical Business Cycle Peak Peak Trough Recession Recovery Growth trend line
  • 4.
  • 5.
  • 6. Total Population age 16 and over Not in Labor Force Armed forces Household workers Students Retirees Persons with disabilities Institutionalized Discouraged workers Civilian labor force Employed Employees Self-employed Unemployed New entrants Re-entrants Lost last job Quit last job Laid off
  • 7.
  • 8. 20 15 10 5 1930 40 50 60 25 70 80 90 00 The U.S. Unemployment Rate
  • 9.
  • 10.
  • 11.
  • 12.