Unemployment rates, actual and adjusted, 1997–2000 and 2016–2019
| Actual | Adjusted | |
|---|---|---|
| 1997–2000 | 4.43% | 4.44% |
| 2016–2019 | 4.20% | 4.46% |
Notes: The adjusted unemployment rate is calculated by holding age and five categories of educational attainment (less than high school, high school diploma only, some college attendance, four-year college completion, and advanced degree) at their 1995 levels and recalculating unemployment going forward, using the reweighting procedure in John DiNardo, Nicole M. Fortin, and Thomas Lemieux, “Labor Market Institutions and the Distribution of Wages, 1973–1992: A Semiparametric Approach,” Econometrica 64, no. 5, 1996.
Source: Author’s analysis of Current Population Survey Basic microdata.
This chart appears in:
Previous chart: « Share of newly employed workers who transitioned into employment from being out of the labor force in the previous month, Dec. 1990–Dec. 2019