The Labor Market

6-1 A Tour of the Labor Market

Figure 6-1 Population, Labor Force,

6-1 A Tour of the Labor Market

Figure 6-2 Average Monthly Flows

6-2 Movements in Unemployment

Figure 6-3 Movements in the U.S. Unemployment Rate,

6-2 Movements in Unemployment

Figure 6-4 The Unemployment Rate and the Proportion

6-2 Movements in Unemployment

Figure 6-5 The Unemployment Rate and the Monthly

Focus: Henry Ford and Efficiency Wages

Table 1 Annual Turnover and Layoff

6-3 Wage Determination

6-4 Price Determination

6-5 The Natural Rate of Unemployment

6-5 The Natural Rate of Unemployment

Figure 6-6 Wages, Prices, and the

6-5 The Natural Rate of Unemployment

6-5 The Natural Rate of Unemployment

Figure 6-7 Unemployment Benefits and the

6-5 The Natural Rate of Unemployment

Figure 6-8 Markups and the Natural

6-5 The Natural Rate of Unemployment