Explain the basic patterns of unemployment in the US since 1960.

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Answer 1

Question

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.

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Answer 2

Question

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.

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Answer 3

Question

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.

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Answer 5

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.

Answer 6

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.

Answer 7

Chapter 12, Problem 1RQ

To determine

Explain the basic patterns of unemployment in the US since 1960.

Answer 8

Expert Solution & Answer

Explanation of Solution

The pattern of unemployment since 1960s:

The unemployment rate was 4.8% in the 1960s, which increase to 6.2% in the 1970s and 7.3% in the 1980s. There was a decrease in the unemployment rate in the 1990s to 4%.

Due to the recession in 2008, the unemployment rate increases from 4.6% in 2007 to 9.6% in 2010. Unemployment among the less educated is higher; it was 14.9% for college failure and 4.7% for college graduates.

Unemployment was higher among younger workers, which is 27% for teenagers and only 7% for age group 45 years to 65 years.

Unemployment rates are higher among blacks, which is 14.8%. Unemployment rates are higher among women, which is 15.3% for women and only 9.8 % for men. The unemployment rate has been around 4.6%.