The condition of the labor market is a central focus of policy makers and

households. Let's consider the overall condition of the American market.

Go the website of the Bureau of Labor Statistics, and look at the current

summary of the employment situation of the United States

(

http://www.bls.gov/news.release/pdf/empsit.pdf

).

Before you access the table cited here answer this question: state

in a few sentences what would you guess is the relationship or

correlation between the level of a person's education and the rate

of unemployment of people with that level of education? Why do

you think this relationship, if any, exists? Now, look at table A-4.

Describe, with some data to make your case, the relationship

between educational attainment and unemployment rates. Were

your expectations corroborated?