Macroeconomics › Section H · Unemployment › Topic H.2
Patterns of unemployment
The unemployment rate swings with the business cycle, but it never reaches zero and shows no long-run upward trend. Underneath the national figure, the young, the less educated and some minority groups face much higher rates than others.
In this topic
- Looking beneath the headline
- Ups and downs since 1948
- Unemployment lags the economy
- Worked example: two recessions compared
- No long-run trend
- Differences by age and sex
- Differences by race and education
- Worked example: how group mix moves the total
- Reasons and duration
- International comparisons
- Common mistakes to avoid
- Key takeaways
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