Single, static images of data trends aren’t the most effective way to communicate the ways the different elements of an equation or formula contribute to… Read More »Visualizing the Production Function and Cost Curves
Typically, when a business invests in a new piece of equipment, it cannot immediately deduct the full purchase price from its taxable income in the… Read More »Mapping State Tax Expenditures to Demonstrate that All Else Really is Equal
As you may know, education spending in the United States is chronically low, totaling six percent of the total federal funding per year. … Read More »School-to-Prison Pipeline: School Funding
With Valentine’s Day just around the corner, it’s a good time to take a look at data on marriage in the United States. It’s been… Read More »Visualizing Marriage and Social Inequality
Every month, the Bureau of Labor Statistics releases information about the US job market in the Current Population Survey (CPS). Out of the extensive information and data in the report, the media highlights one, and typically only one, piece of information: the ‘average’ unemployment rate for the country. This single number is then used to draw conclusions about the state and health of the US economy.
This single number, though, masks considerable diversity in the economic condition of individuals and the economic activity in different areas of the country. These differences can be understood through some simple and straightforward data visualization graphs that DASIL has put together. In my Introduction to Economics class, I ask students to spend some time familiarizing themselves with the CPS and the associated graphics produced by DASIL to consider the employment outcomes of different groups of individuals.
The interactive graphic created by DASIL displays the unemployment rate over time of individuals with different demographic characteristics. The graphic focuses on unemployment rates conditioned on race (all race, white, black, Hispanic or other), gender (male or female), age (all age, 15-24, 25-44, 45 and over), and education (all education, no high school, high school, college). Using the interactive buttons on the website, students can explore how the unemployment rate varies across these different groups. Students will learn, for example, that:
- Relative to whites, the unemployment rate for blacks is typically twice as high.