Visualizing labor market tightness
This handout provides instructions on building the graph below and includes writing prompts for out-of-class assignments.
From the FRED Blog
The post “Measuring labor market tightness with FRED” discusses how to combine two data series from the U.S. Bureau of Labor Statistics to measure labor market tightness.
Quiz yourself on labor markets
Q. Name two Western European countries with employment-to-population ratios lower than the Unites States.
Q. Consider the latest data on the number of job openings across U.S. Census regions. Imagine you are currently looking for a job and want to move where you have to most opportunity. To which region should you move?
Interpret graphs to answer questions about labor markets. These questions reinforce economic analysis and data literacy skills. Share the FRED dashboard with your students.