This line chart illustrates the relationship between the percentage of employed individuals and the unemployment rate over time. Specifically, it compares the Employed Percentage (representing the proportion of the civilian labor force that is employed) against the Unemployed Percentage (indicating the proportion of the labor force that is unemployed).
Key Points: Trends Over Time: The chart shows how both employment and unemployment rates have evolved from the data’s starting year to the present. Inverse Relationship: Generally, as the percentage of employed individuals increases, the unemployment rate tends to decrease, indicating an inverse relationship between these two metrics. Economic Insights: The visualization provides insights into economic conditions and labor market dynamics, highlighting periods of growth and recession based on employment trends.
This graph focuses solely on the unemployment percentage over the same time period. It provides a more detailed view of the fluctuations and spikes in the unemployment rate. The graph shows that the unemployment rate has experienced several significant increases, particularly in the 1970s, 1980s, and 2000s, reaching levels around 8-10%. These periods of higher unemployment likely correspond to economic recessions or downturns that affected the job market. The graph also shows that the unemployment rate has generally trended downward in the later decades, though it remains above the levels seen in the 1940s and 1950s.
This graph shows the trends in both employed and unemployed percentages from 1940 to 2018. The dark green line represents the employed percentage, while the light green line represents the unemployed percentage. The graph shows that the employed percentage has generally increased over the decades, with some fluctuations, while the unemployed percentage has seen more volatility, with higher spikes in certain periods. The employed percentage starts around 56-58% in the early decades and rises to around 60-63% in the later decades, while the unemployed percentage varies from around 3-4% to as high as 9-10% during recessions.