Labor Market Indicators by Gender, Age and Recession Period
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.