… and a Dilbert cartoon:
- All the data (except median income) is from the Federeal Reserve Bank of St. Louis’s FRED tool.
- Median income data is from the State Of Working America.
- You can find all the R code I wrote to make the graphs here.
- If you are interested in the Beveridge curve I recommend watching the Nobel Prize Lectures from 2010. Peter Diamond also has a new paper - Cyclical Unemployment, Structural Unemployment - discussing whether or not the recent outward shift of the curve indicates an increasre in structural unemployment.