Three key measures of labor market activity are the unemployment rate, the labor force participation rate, and the employment-to-population ratio. Changes in the unemployment rate reflect movements in the labor force participation rate and the employment-to-population ratio. By looking across different recession periods and demographic groups in the charts below, you will see strikingly different patterns among these three indicators. To understand the importance of these changing patterns in relation to the recent recession period, see our Liberty Street Economics blog.
Liberty Street Economics: Prospects for the U.S. Labor Market »
Liberty Street Economics: Reconciling Contrasting Signals in the Labor Market: The Role of Participation »