Labor Market

Assessment: Improving/Deteriorating/Remaining the Same

Justification: Here you outline the stories backing up your assessment for the status of the labor market. Figure 2 plots the relevant data (e.g., unemployment rate (U3 and U6), labor force participation rate, average hourly wages) which supports my assessment for the labor market.

Figure 1: Unemployment Rate & LFPR

E=D - Unemployment Rate Total Unemployed, Plus All Persons Marginally Attached to the Labor Force, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Persons Marginally Attached to the Labor Force (U-6) E=D - Unemployment Rate Total Unemployed, Plus All Persons Marginally Attached to the Labor Force, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Persons Marginally Attached to the Labor Force (U-6)