Labor Relations Commons^™

Factors Related To The Unemployment Rate: A Statistical Analysis, Reanna Collins

Honors Program Theses

Current United States economic conditions have everyone searching for ways to solve the downward spiral that has instigated a crisis in the minds of many people. Rapidly increasing unemployment rates are key reasons leading to this feeling of emergency. A better understanding of unemployment trends over the past few decades and factors correlated to the rate could serve as future indicators of fluctuations in the unemployment rate. A statistical analysis was conducted to determine if any relationship between the unemployment rate and nine selected variables existed in order to identify trends in the unemployment rate and to produce a model …