Managing in a global economy by john marthinsen babson MBA chapter 03
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CHAPTER 3
Working for a Living: Monitoring Labor Market Conditions
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-1
Unemployment Rate
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-2
Employment Status of the U.S. Noninstitutional
Population 16 Years of Age or Older in September 2006
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit M3-1
Changes in Employment Household Survey versus
Establishment Survey: January 1997 to January 2006
Sources: Federal Reserve Bank of St. Louis, Economic Data—FRED, />UEMPMED?&cid=10 (accessed September 5, 2006); U.S. Department of Labor, Bureau of Labor Statistics,
Historical
Employment in the United States, />September
5, 2006).
Copyright© 2008(accessed
South-Western,
a part of Cengage
Learning. All rights reserved.
Exhibit 3-3
Labor Force Participation Rate
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-4
Labor Force Participation Rates in Selected OECD
Nations: 2004
Source: OECD, OECD Employment Outlook (Paris: Author, 2005), 238.
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-5
U.S. Labor Force Participation Rates: 1960–2005
Source: U.S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current
Population Survey, (accessed September 5, 2006).
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-6
Summary of Unemployment Types
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-7
Standardized Unemployment Rates in Selected OECD
Nations: 2004
Source: OECD, OECD Employment Outlook (Paris: Author, 2005), 237.
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-8
The Employment Rate
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-9
U.S. Employment Rate: January 1960–August 2006
Source: U.S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current
Population Survey, (accessed September 5, 2006).
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-10
Employment-to-Population Ratios for People 15 to 64
Years of Age in Selected OECD Nations: 2004
*The data are for those 16 to 64 years of age.
Source: OECD, OECD Employment Outlook (Paris: Author, 2005), 238, />35024561.pdf (accessed February 1, 2006).
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-11
Calculation of Unemployment and Employment Rates
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Exhibit 3-12
Effects on Unemployment Rate and Employment Rate if Two
Million People Enter the Labor Force: One Million Find Jobs, and
One million are Unemployed and Actively Seeking Work
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-13
Duration of Unemployment
Sources: Federal Reserve Bank of St. Louis, Economic Data—FRED, />fred2/series/UEMPMED?&cid=10 (accessed September 5, 2006); U.S. Department of Labor, Bureau of
Labor Statistics, Labor Force Statistics from the Current Population Survey, (accessed
September 5, 2006).
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit 3-14
Unemployment by Demographic Characteristic,
August 2006
Source: U.S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population
Survey, (accessed February 1, 2006).
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Economic Information for Switzerland, 2001–2005
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
Exhibit A3-1
U.S. Unemployment Rate, January 1960–August 2006
Source: U.S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population
Survey, (accessed September 5, 2006).
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved.
