Describing Trends and Analyzing Current Labor Conditions

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Subject and Section
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March 12, 2022
Analyzing Current Labor Conditions
Question 1.
Upon analyzing the two graphs, it is clear that while women are consistently gaining higher and higher participation in the labor force, it is still one of the most vulnerable sectors today. Specifically, this is shown with the sudden and shocking rise of women's unemployment rates during the onset of the pandemic. Nonetheless, the sudden downfall of women's unemployment rates still shows that women are readily employable after sudden periods of unemployment.
Question 2.
The one who is most disproportionately affected by high unemployment rates is the men. Based on the graphs, it could be seen that even when unemployment rates suddenly increase, the unemployment rates for men tend to be higher than the overall unemployment rates. This was the case during the 2008 financial crisis or the 2019 Covid-19 Pandemic. Thus, since men tend to experience higher unemployment rates than women, significantly lesser jobs are available for men in periods of depression or uncertainty experienced by society.
Question 3.
No, the real wages are not keeping up with the inflation rate. Upon analyzing the two graphs, it is clear that while there was a significant improvement in lessening the gap between inflation rate and real wages, the latter is still highly volatile and vulnerable to various circumstances that are experienced by society. Specifically, by analyzing the peaks and throughs of both, it is clear that the usual scenario is that when inflation rates shoot up, the real wages also fall down.
Analysis.
Based on the graphs presented, I believe that all of these graphs are correlated and reflective of the labor conditions these da...