ECON 201 - Unemployment Data by Labor Force Groups

Part 3: Unemployment Data by Labor Force Groups and Duration (40% of the project grade)

Go to https://www.whitehouse.gov/administration/eop/cea/economicreportofthePresident/2016 the home page of the Economic Report of the President.

Scroll down and Click on the link download individual tables as Excel (http://www.gpo.gov/erp)

This link is located below Appendix B: Statistical Tables Relating to Income, Employment, and Production.

1. Find unemployment data (Table B–12.—Civilian unemployment rate) for each year 2000 to present. Use four labor force groups: males, and females, in each case 16 to 19 years of age, versus 20 years of age or over.
2. Present the result in your project as a table.
3. Create one or more charts.
4. Use the Economic Report of the President (Table B–13.—Unemployment by duration and reason) to find data on the duration of unemployment for each year 2000 to present.
5. Present the result in your project as a table.
6. Create one or more charts.

Write a report (1 - 2 pages double-spaced) about the results you received.

In this paper consider, but do not be limited to the following:

• Which years had the highest and lowest unemployment rates? How do the rates compare among these groups?

Compare the distribution of unemployment by duration over these years. Which years had the highest and lowest unemployment duration? What relationship, if any, do you find?

• Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the natural rate of unemployment?