00:01
Okay, so we're going to be looking basically at a question requiring the comparisons of different demographic individuals in terms of unemployment.
00:26
Okay, so by definition, we understand unemployment as a situation that arises from having people who are part of the workforce or the labor force, that are willing and able to work, but don't have jobs.
00:48
Okay, so obviously we will talk about unemployment.
00:52
It's important to the fact that there is different definitions of unemployment.
01:00
So we are basically just going to be looking at the broad definition here of unemployment.
01:05
I think it's important to do that analysis.
01:09
But generally speaking, without taking much into consideration because of the broad nature of the analysis, we're going to be looking at the difference between the minorities, among the minorities.
01:28
We want to focus, we want to look at which group is, is a, is a, has got a higher unemployment rate.
01:38
So we're going to start off with that.
01:41
That's the first group.
01:43
Is it the whites or the non -whites? and the other analysis is between the young and the middle -aged.
02:05
Okay.
02:06
And we're obviously looking at the college graduates versus the high school graduates.
02:20
Okay, so in the first here, because one needs just to look at the kind of policies that have been placed, you know, to try to bring about some kind of equity provisions.
02:40
So it follows naturally that at this stage, because of those policies in existence, generally the non -whites have got a higher unemployment rate...