The document discusses different aspects of unemployment, including definitions of key terms like the labor force participation rate and unemployment rate. It provides historical unemployment rate data for the US and other countries. It also examines different types of unemployment like seasonal, frictional, structural, and cyclical unemployment. Reasons for unemployment and impacts on individuals are explored.

1. Unemployment Chapter 6

5. The Labor Force, 2003 Sick and disabled (7,142,000) Institutionalized (4.1 million) Other (489,000) In school (9,130,000) Retired (29,813,000) Unemployed(8.8 million) Civilians employed(137.8 million) Armed forces (1.5 million) Out of the labor force (144 million) In civilian labor force (147 million) Under age 16 (68.7 million) Total population (291 million) Homemakers (20,343,000)

6. A Growing Labor Force Participation Rates (age 16 and older) Men Women 86.4 83.3 79.7 77.4 76.4 74.7 Year 1950 1960 1970 1980 1990 2000 33.9 37.7 43.3 51.5 57.5 60.0 73.5 2004 59.5

10. Labor Force Growth C D Labor-force growth increases production possibilities H G F Consumption Goods (units per year) B A Investment Goods (units per year) O

17. Unemployment Isn’t Experienced Equally by Race or Sex Updated Data on pg. 110

18. Unemployment Isn’t Experienced Equally by Education

20. Duration of Unemployment:

22. Reasons for Unemployment Job losers 55% Reentrants 28% New entrants 8% Job leavers 9%

28. Europe’s Unemployment Woes Updated Data on page 113 United Kingdom Japan United States Australia Canada Belgium Italy Germany France Spain 5.0% 5.3% 6.9% 9.3% 8.1% 8.8% 9.3% 11.3% 6.0% 6.1%

36. The Unemployment Record

48. Unemployment End of Chapter 6