The December jobs report showed a gain of just 74,000 jobs, while the drop in unemployment was due largely to people leaving the workforce. Economics correspondent Paul Solman reviews the numbers and Judy Woodruff talks to Dean Baker of the Center for Economic and Policy Research and Robert Shapiro of Sonecon. AIR DATE: Jan. 10, 2014

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Labor Force, Labor Market, Unemployment, Unemployment Rate, Employment Rate


Focus on Economic Data: U.S. Employment and the Unemployment Rate, March 6, 2015

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of February, 2015, reported March 6, 2015. The lesson focuses on different ways of measuring the demand for labor and how the demand for labor affects...

Grades 9-12

The Unemployment Game

Students will learn about important labor market statistics that are frequently discussed in the media. An understanding of the unemployment rate and labor force participation rate will be developed through participation in an interactive simulation game.

Grades 9-12

Phillips Curve

This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...

Grades 9-12

Who Is Working?

This lesson teaches students what economists mean when they talk about people who are employed, unemployed, and not in the labor force. It discusses the Current Population Survey and asks students to pose as government survey workers to determine the employment status of 10 people given in ...

Grades 6-8

A Fair Wage

Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.

Grades 6-8, 9-12