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Understanding the Unemployment Picture

November 21, 2011

Dialogue with the Fed: Beyond Today's Financial Headlines

Welcoming Remarks, Julie Stackhouse; Introduction, Christopher Waller (5:54)

The Federal Reserve Bank of St. Louis held the third and final discussion of its fall evening discussion series for the general public on Nov. 21, 2011. Julie Stackhouse, senior vice president of Banking Supervision and Regulation, gives welcoming remarks and introduces the speaker, Christopher Waller, the Bank's senior vice president and director of research. As part of his presentation, "Understanding the Unemployment Picture," Waller provides an overview of unemployment in the United States, and references the St. Louis Fed's 2010 annual report essay, "Many Moving Parts: A Look Inside the U.S. Labor Market".

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Part 1: Welcoming Remarks, Julie Stackhouse; Introduction, Christopher Waller (5:54)
Part 2: Past Recessions vs. the Great Recession (6:04)
Part 3: Defining and Measuring Unemployment (5:19)
Part 4: Unemployment Rate by Age and Education (8:04)
Part 5: "Zero" Unemployment and the Flow of Labor (11:21)
Part 6: The Role of the Housing Collapse in Unemployment (7:33)
Part 7: Policy Responses and Effects and the Rigid European Labor Market (12:33)
Part 8: Q&A (39:10)