This graph shows the change in unemployment by sector during our downturn. It shows that all sectors of the economy have been affected and that no sector stands out as the primary cause of job loss. The data do not support claims that unemployment is high because construction workers, for example, lost their jobs and do not have the skills to take the jobs that are available. That is, unemployment is primarily due to a lack of demand for labor than an increase in structural unemployment, and a higher rate of the "natural" unemployment rate.
No comments:
Post a Comment