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Modern Labour Economics Chapter 2 Overview of the Labour Market.

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Presentation on theme: "Modern Labour Economics Chapter 2 Overview of the Labour Market."— Presentation transcript:

1 Modern Labour Economics Chapter 2 Overview of the Labour Market

2 Figure 2.1 – Labour Force Status of the Canadian Adult Civilian Population, 2001

3 Table 2.1 – Labour Force Participation Rates By Gender in Canada and the United States, 1950-2000

4 Figure 2.2 – Unemployment Rates for the Civilian Labour Force in Canada and the United States, 1921-2000

5 Figure 2.3 – Canadian and American Employment Distributions by Major Industrial Sector, 1920-2001

6 Table 2.2 – Nominal and Real Average Wages of Workers in Canadian Manufacturing, 1975-1995

7 Figure 2.4 – Relationship between Wages, Earnings, Compensation, and Income

8 Figure 2.5 – Population and Labour Force Characteristics for Canada, the United States, and Mexico, 1999

9 Figure 2.6 – Labour Force Participation Rates for Canada, the United States, and Mexico, 1999

10 Figure 2.7 – Employment Shares by Industry in Canada, the United States, and Mexico, 1999

11 Figure 2.8 – The Markets in Which Firms Must Operate

12 Table 2.3 – Labour Demand Schedule for a Hypothetical Industry

13 Figure 2.9 – Labour Demand Curve (based on data in Table 2.3)

14 Figure 2.10 – Shift in Demand for Labour Due to Increase in Product Demand

15 Figure 2.11 – Possible Shifts in Demand for Labour Due to Fall in Capital Prices

16 Figure 2.12 – Market Supply Curve for Secretaries

17 Figure 2.13 – Shift in Market Supply Curve for Secretaries as Salaries of Insurance Agents Rise

18 Figure 2.14 – Supply of Secretaries to a Firm at Alternative Market Wages

19 Figure 2.15 – Labour Market Demand and Supply

20 Figure 2.16 – Labour Demand and Supply at the “Market” and “Firm” Levels

21 Figure 2.17 – New Labour Market Equilibrium after Demand Shifts Right

22 Figure 2.18 – New Labour Market Equilibrium after Supply Shifts Left

23 Figure 2.19 – New Labour Market Equilibrium after Supply Shifts Right

24 Table 2.4 – Unemployment and Long-Term Unemployment in Selected European and North American Countries, 2001


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