Why does it always seem like the actual unemployment rate is much higher than the reported rate?
Q. I mean, like the rate is 6.7% but it is like every 3rd person you talk to is out of work.
Asked by Vitamin C - Fri Dec 5 09:36:05 2008 - - 8 Answers - 0 Comments
A. The rate of 6.7% is the number of people receiving unemployment benefits. This, does not show those people who's benefits ran out and then move on to Welfare or that a spouse is supporting. The actual number of unemployed people in America would be more accurate at about 11%. - The gov. doesn't want people to panic and so they set guidelines that sort of 'fudge' the percentages. The number of folks on Welfare is about 31.5 million.
Answered by pickle head - Fri Dec 5 10:03:55 2008
Q. I mean, like the rate is 6.7% but it is like every 3rd person you talk to is out of work.
Asked by Vitamin C - Fri Dec 5 09:36:05 2008 - - 8 Answers - 0 Comments
A. The rate of 6.7% is the number of people receiving unemployment benefits. This, does not show those people who's benefits ran out and then move on to Welfare or that a spouse is supporting. The actual number of unemployed people in America would be more accurate at about 11%. - The gov. doesn't want people to panic and so they set guidelines that sort of 'fudge' the percentages. The number of folks on Welfare is about 31.5 million.
Answered by pickle head - Fri Dec 5 10:03:55 2008
why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level
Q. lower than the "full employment" unemployment (NAIRU at natural RGDP)?
Asked by michael v - Sat Aug 2 13:41:44 2008 - - 3 Answers - 0 Comments
A. 1) Inflation may be the case (side effect) for gov policy to achieve lower unemployment rate using expansionary monetary policy (though such effect is only temporary - in short-run). It also involves rational expectations theory and money-illusion issue. 2) Low supply of free labor will lead to increase in wages - thus higher disposable income which consequently leads to increase in price levels. It all summed in Philips curve approach:
Answered by J - Wed Aug 6 13:16:10 2008
Q. lower than the "full employment" unemployment (NAIRU at natural RGDP)?
Asked by michael v - Sat Aug 2 13:41:44 2008 - - 3 Answers - 0 Comments
A. 1) Inflation may be the case (side effect) for gov policy to achieve lower unemployment rate using expansionary monetary policy (though such effect is only temporary - in short-run). It also involves rational expectations theory and money-illusion issue. 2) Low supply of free labor will lead to increase in wages - thus higher disposable income which consequently leads to increase in price levels. It all summed in Philips curve approach:
Answered by J - Wed Aug 6 13:16:10 2008
Which of the following would increase the natural rate of unemployment?
Q. Although fluctuations in the unemployment rate are an ever-changing phenomenon, the natural rate of unemployment fluctuates much less than the actual unemployment rate. In fact, factors that affect the actual unemployment rate might not affect the natural rate. which of the following would increase the natural rate of unemployment? I. Teenagers can enter the labor force at an earlier age. II. The economy has been in an expansion for the last decade. III. The government raises the minimum wage for manual laborers. IV. Labor unions have become more demanding in terms of negotiating higher wages. a. II only B. All of these C. I, III, and IV only D. II, III, and IV only E. … [cont.]
Asked by j - Wed Apr 16 00:56:25 2008 - - 2 Answers - 0 Comments
A. E. Factors that change the long-term price of labor will change the natural rate of unemployment.
Answered by Hubris252 - Wed Apr 16 01:04:44 2008
Q. Although fluctuations in the unemployment rate are an ever-changing phenomenon, the natural rate of unemployment fluctuates much less than the actual unemployment rate. In fact, factors that affect the actual unemployment rate might not affect the natural rate. which of the following would increase the natural rate of unemployment? I. Teenagers can enter the labor force at an earlier age. II. The economy has been in an expansion for the last decade. III. The government raises the minimum wage for manual laborers. IV. Labor unions have become more demanding in terms of negotiating higher wages. a. II only B. All of these C. I, III, and IV only D. II, III, and IV only E. … [cont.]
Asked by j - Wed Apr 16 00:56:25 2008 - - 2 Answers - 0 Comments
A. E. Factors that change the long-term price of labor will change the natural rate of unemployment.
Answered by Hubris252 - Wed Apr 16 01:04:44 2008
The unemployment rate is an important indicator of the health of the United States economy.?
Q. (a) Assume that with the economy at full employment, the government implements an expansionary fiscal policy. How does the actual unemployment rate at the new short-run equilibrium compare with the natural rate of unemployment? (b) Assume that a significant number of workers are involuntarily changed full-time to part-time employment. Explain how this will affect the number of people who are officially classified as unemployed. (c) Assume that the government reduces the level of unemployment compensation. (i) Explain how this affects the natural rate of unemployment (ii) Using a correctly labeled graph, show how this affects the long-run Phillips curve. Thanks. If you give me an insight to the ?s that would be awesome or if you know… [cont.]
Asked by yisel - Tue Nov 27 20:16:26 2007 - - 1 Answers - 0 Comments
A. G'day, I live in Australia We have a really booming economy at the moment Our Unemployment rate is at the lowest it has ever been Our government brought in new legislation called "Workchoices" which brought the unemployment rate down significatly The more people in the workforce, the more taxes, the stronger economy We now have a new government who is scrapping the legislation Watch with interest our Economy Fail
Answered by Haydos - Tue Nov 27 23:13:37 2007
Q. (a) Assume that with the economy at full employment, the government implements an expansionary fiscal policy. How does the actual unemployment rate at the new short-run equilibrium compare with the natural rate of unemployment? (b) Assume that a significant number of workers are involuntarily changed full-time to part-time employment. Explain how this will affect the number of people who are officially classified as unemployed. (c) Assume that the government reduces the level of unemployment compensation. (i) Explain how this affects the natural rate of unemployment (ii) Using a correctly labeled graph, show how this affects the long-run Phillips curve. Thanks. If you give me an insight to the ?s that would be awesome or if you know… [cont.]
Asked by yisel - Tue Nov 27 20:16:26 2007 - - 1 Answers - 0 Comments
A. G'day, I live in Australia We have a really booming economy at the moment Our Unemployment rate is at the lowest it has ever been Our government brought in new legislation called "Workchoices" which brought the unemployment rate down significatly The more people in the workforce, the more taxes, the stronger economy We now have a new government who is scrapping the legislation Watch with interest our Economy Fail
Answered by Haydos - Tue Nov 27 23:13:37 2007
Do americans realize the actual true unemployment rate is actually about 15 % ?
Q. Do americans realize the actual true unemployment rate is actually about 15 % ?
Asked by sergbelxx - Sun Jan 18 02:49:27 2009 - - 10 Answers - 0 Comments
Q. Do americans realize the actual true unemployment rate is actually about 15 % ?
Asked by sergbelxx - Sun Jan 18 02:49:27 2009 - - 10 Answers - 0 Comments
Frictional, actual, natural, and cyclical unemployment rates?
Q. Here are the two questions. I am just asking for a formula or some help, not the answer. Look at the following data: The strucurall unemployment rate is 4%, the natural unemployment rate is 5% and the cyclical unemployment rate is 3%. The frictional unemployment rate is ___% and the actual unemployment rate is ___%. Look at the following data: The frictional unemployment rate is 2%, the structural unemployment rate is 3.5% and the actual unemployment rate is 9.5 %. The natural unemployment rate is ___ % and the cyclical unemployment rate is ___%.
Asked by Lyla - Thu Aug 6 18:21:50 2009 - - 1 Answers - 0 Comments
A. [1] S+F=NRU S=4% NRU=5% F=NRU-S=5%-4%=1% Frictional = 1% U=NRU+C C=3% U=5%+3%=8% Actual = 8% [2] S+F=NRU F=2% S=3.5% NRU=2%+3.5%=5.5% Natural Unempl = 5.5% U=NRU+C U=9.5% C=U-NRU=9.5%-5.5%=4% Cyclical = 4% Answ: [1] F=1% & U=8% [2] NRU=5.5% & C=4%
Answered by J - Thu Aug 6 19:03:37 2009
Q. Here are the two questions. I am just asking for a formula or some help, not the answer. Look at the following data: The strucurall unemployment rate is 4%, the natural unemployment rate is 5% and the cyclical unemployment rate is 3%. The frictional unemployment rate is ___% and the actual unemployment rate is ___%. Look at the following data: The frictional unemployment rate is 2%, the structural unemployment rate is 3.5% and the actual unemployment rate is 9.5 %. The natural unemployment rate is ___ % and the cyclical unemployment rate is ___%.
Asked by Lyla - Thu Aug 6 18:21:50 2009 - - 1 Answers - 0 Comments
A. [1] S+F=NRU S=4% NRU=5% F=NRU-S=5%-4%=1% Frictional = 1% U=NRU+C C=3% U=5%+3%=8% Actual = 8% [2] S+F=NRU F=2% S=3.5% NRU=2%+3.5%=5.5% Natural Unempl = 5.5% U=NRU+C U=9.5% C=U-NRU=9.5%-5.5%=4% Cyclical = 4% Answ: [1] F=1% & U=8% [2] NRU=5.5% & C=4%
Answered by J - Thu Aug 6 19:03:37 2009
MacroEconomics: Okun's Law and Natural Rate of Unemployment?
Q. Suppose the natural rate of unemployment is 5% and the actual unemployment rate is 8%. If potential output equals $7,000 billion, what is the difference between potential output and actual output, according to Okun's Law? Answer: ___$ Billion
Asked by chaos3000 - Sun Mar 2 12:26:06 2008 - - 1 Answers - 0 Comments
A. $7bln - $7bln*(92%/95%)
Answered by Homer J. Simpson - Sun Mar 2 13:12:50 2008
Q. Suppose the natural rate of unemployment is 5% and the actual unemployment rate is 8%. If potential output equals $7,000 billion, what is the difference between potential output and actual output, according to Okun's Law? Answer: ___$ Billion
Asked by chaos3000 - Sun Mar 2 12:26:06 2008 - - 1 Answers - 0 Comments
A. $7bln - $7bln*(92%/95%)
Answered by Homer J. Simpson - Sun Mar 2 13:12:50 2008
which of the following about the natural rate of unemployment is true?
Q. a. it is the rate that prevails when actual inflation exceeds anticipated inflation. b. if the actual rate of unemployment is above the natural rate, inflation rate will increase. c. if the natural rate of unemployment is below the natural rate, the inflation rate will decrease. d. the long run phillips curve analysis suggests that any attempts to reduce unemployment below the natural rate will only result in higher rates of inflation.
Asked by Rebecca C - Wed Mar 12 23:22:01 2008 - - 1 Answers - 0 Comments
A. D
Answered by ideogenetic - Wed Mar 12 23:33:59 2008
Q. a. it is the rate that prevails when actual inflation exceeds anticipated inflation. b. if the actual rate of unemployment is above the natural rate, inflation rate will increase. c. if the natural rate of unemployment is below the natural rate, the inflation rate will decrease. d. the long run phillips curve analysis suggests that any attempts to reduce unemployment below the natural rate will only result in higher rates of inflation.
Asked by Rebecca C - Wed Mar 12 23:22:01 2008 - - 1 Answers - 0 Comments
A. D
Answered by ideogenetic - Wed Mar 12 23:33:59 2008
If the natural unemployment rate is 5.5 percent, ?
Q. then the economy is at full employment when the actual unemployment rate is a.more than 5.5 percent. b.between 0 and 5.5 percent. c.0 percent. d.5.5 percent. e.none of the above
Asked by badillo_bg1190 - Sun Oct 12 03:26:36 2008 - - 1 Answers - 0 Comments
Q. then the economy is at full employment when the actual unemployment rate is a.more than 5.5 percent. b.between 0 and 5.5 percent. c.0 percent. d.5.5 percent. e.none of the above
Asked by badillo_bg1190 - Sun Oct 12 03:26:36 2008 - - 1 Answers - 0 Comments
Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%,?
Q. Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%, it follows that (a) cyclical unemployment is zero. (b) structural unemployment is 0.4% of the labor force. (c) cyclical unemployment is 6.2% of the labor force. (d) cyclical unemployment is 0.4% of the labor force.
Asked by matty g - Wed Feb 28 16:58:32 2007 - - 1 Answers - 0 Comments
A. d
Answered by unknown - Wed Feb 28 17:06:51 2007
Q. Suppose the natural rate of unemployment is believed to be 5.8%. If actual unemployment at the time is 6.2%, it follows that (a) cyclical unemployment is zero. (b) structural unemployment is 0.4% of the labor force. (c) cyclical unemployment is 6.2% of the labor force. (d) cyclical unemployment is 0.4% of the labor force.
Asked by matty g - Wed Feb 28 16:58:32 2007 - - 1 Answers - 0 Comments
A. d
Answered by unknown - Wed Feb 28 17:06:51 2007
When the actual rate of inflation is less than the expected rate:?
Q. When the actual rate of inflation is less than the expected rate: a)the unemployment rate will temporarily rise. b)firms will increase their output to recoup their falling profits. c)the unemployment rate will temporarily fall. d)firms will experience rising profits and thus increase their employment.
Asked by kass - Fri Nov 21 20:49:29 2008 - - 2 Answers - 0 Comments
A. im stuck between b or d but im feeling b more because if we're talking about real life here, sudden fall of inflation would not automatically make businesses hire people. yes, it would increase their profit but by hiring more employees, that would also mean decreasing income. so i would say B. answer mine pls:
Answered by gracie - Fri Nov 21 20:54:00 2008
Q. When the actual rate of inflation is less than the expected rate: a)the unemployment rate will temporarily rise. b)firms will increase their output to recoup their falling profits. c)the unemployment rate will temporarily fall. d)firms will experience rising profits and thus increase their employment.
Asked by kass - Fri Nov 21 20:49:29 2008 - - 2 Answers - 0 Comments
A. im stuck between b or d but im feeling b more because if we're talking about real life here, sudden fall of inflation would not automatically make businesses hire people. yes, it would increase their profit but by hiring more employees, that would also mean decreasing income. so i would say B. answer mine pls:
Answered by gracie - Fri Nov 21 20:54:00 2008
Would the real unemployment rate, please stand up?
Q. We all know the official unemployment, we've seen it on the news. As of the January 2009 it is 7.6 percent. But where does that come from? It comes from a little organization called the Bureau of Labor Statistics, and how they come up with that number seems a little inaccurate. They sample a rotating group of 60,000 households, and this is suppose to represent the entire United States. I have a feeling it is much higher than 7.6 percent. Is there a better way to do this. Unemployment claims don't work, because it doesn't include people not originally employed, those who perhaps quit, got fired, or for some other reason did not file. Once their benefits expire, they are no longer in that system. A 100% sample of the country would be too… [cont.]
Asked by Josh - Fri Feb 6 13:39:08 2009 - - 1 Answers - 0 Comments
A. *standing up*
Answered by Xenu - Fri Feb 6 14:14:29 2009
Q. We all know the official unemployment, we've seen it on the news. As of the January 2009 it is 7.6 percent. But where does that come from? It comes from a little organization called the Bureau of Labor Statistics, and how they come up with that number seems a little inaccurate. They sample a rotating group of 60,000 households, and this is suppose to represent the entire United States. I have a feeling it is much higher than 7.6 percent. Is there a better way to do this. Unemployment claims don't work, because it doesn't include people not originally employed, those who perhaps quit, got fired, or for some other reason did not file. Once their benefits expire, they are no longer in that system. A 100% sample of the country would be too… [cont.]
Asked by Josh - Fri Feb 6 13:39:08 2009 - - 1 Answers - 0 Comments
A. *standing up*
Answered by Xenu - Fri Feb 6 14:14:29 2009
Unemployment rate -- is it an estimate or an actual count?
Q. I don't think this figure is accurate. I feel the number is way much higher. They do not do any census or actual count of citizens who are unemployed. So this questions the accuracy of the figure. It is an estimate, right? And an estimate based on political motives instead of reality? outta sight and Greg: When was an actual count done? Were the unemployed contacted by phone, mail or was any official census done? Ofcourse not. It is an estimate. B.Sc. Math: Too bad you are still unemployed despite math bachelor degree. Especially such a hard major you did. Not too many can tackle math. Also it does not make sense to say that people who don't work and are not seeking work should not be considered unemployed. I personally know few… [cont.]
Asked by abc - Fri Sep 5 13:36:31 2008 - - 8 Answers - 0 Comments
A. only the ppl lucky enuf to get on unemployment...hense the govt count...get it..
Answered by x-factor - Fri Sep 5 13:39:11 2008
Q. I don't think this figure is accurate. I feel the number is way much higher. They do not do any census or actual count of citizens who are unemployed. So this questions the accuracy of the figure. It is an estimate, right? And an estimate based on political motives instead of reality? outta sight and Greg: When was an actual count done? Were the unemployed contacted by phone, mail or was any official census done? Ofcourse not. It is an estimate. B.Sc. Math: Too bad you are still unemployed despite math bachelor degree. Especially such a hard major you did. Not too many can tackle math. Also it does not make sense to say that people who don't work and are not seeking work should not be considered unemployed. I personally know few… [cont.]
Asked by abc - Fri Sep 5 13:36:31 2008 - - 8 Answers - 0 Comments
A. only the ppl lucky enuf to get on unemployment...hense the govt count...get it..
Answered by x-factor - Fri Sep 5 13:39:11 2008
Do you know the REAL U.S. unemployment rate is 12.5%, NOT 5.5% as the government claims?
Q. And that the U.S. has lost 60% of its manufacturing base? And that McDonalds has been the creator of the most new jobs? Do you know that if we use the REAL statistics to calculate unemployment (the way we used to in 1980), the actual U.S. unemployment rate IS 12.5%? Washington's NEW WAY of calculating unemployment rates doesn't include workers who can't find jobs. After 6 months of searching, those unemployed job seekers just fall off the books. So far, about 5,000,000 workers have earned this "invisible" status. So, when Washington tells you how GREAT things are, do you believe them?
Asked by In Honor of Moja - Sun Oct 29 07:23:33 2006 - - 19 Answers - 0 Comments
A. I doesn't surprise me at all. There is so much the government does to make themselves look better, I"m class of "84", and I have seen new text books, I learned sentence structure in 6th grade, the English they teach now is not what I learned, the "leave no child behind" thing only drops the level of quality the children are getting, and the California lottery was suppose to use most of the money for the school system. is it? An uneducated and uninformed society is an easily controlled society. And all this is because we promote carrier politicians. They will tell us anything to keep their jobs, because they like the money and bonuses they get. Until we do something to make it so they get no monetary growth from being in office, we will… [cont.]
Answered by vomitspray - Sun Oct 29 08:34:14 2006
Q. And that the U.S. has lost 60% of its manufacturing base? And that McDonalds has been the creator of the most new jobs? Do you know that if we use the REAL statistics to calculate unemployment (the way we used to in 1980), the actual U.S. unemployment rate IS 12.5%? Washington's NEW WAY of calculating unemployment rates doesn't include workers who can't find jobs. After 6 months of searching, those unemployed job seekers just fall off the books. So far, about 5,000,000 workers have earned this "invisible" status. So, when Washington tells you how GREAT things are, do you believe them?
Asked by In Honor of Moja - Sun Oct 29 07:23:33 2006 - - 19 Answers - 0 Comments
A. I doesn't surprise me at all. There is so much the government does to make themselves look better, I"m class of "84", and I have seen new text books, I learned sentence structure in 6th grade, the English they teach now is not what I learned, the "leave no child behind" thing only drops the level of quality the children are getting, and the California lottery was suppose to use most of the money for the school system. is it? An uneducated and uninformed society is an easily controlled society. And all this is because we promote carrier politicians. They will tell us anything to keep their jobs, because they like the money and bonuses they get. Until we do something to make it so they get no monetary growth from being in office, we will… [cont.]
Answered by vomitspray - Sun Oct 29 08:34:14 2006
When actual inflation exceeds expected inflation, unemployment exceeds the natural rate.?
Q. T OR F
Asked by rkuchan1 - Sat Apr 26 14:46:39 2008 - - 1 Answers - 0 Comments
A. False - this relationship is described by Philips curve: Under these conditions unemployment in general (there also possible exceptions) tends to be lower (because of falling real wages) and consequently more labor-force are employed. Though some other theories describe situations then there is both high inflation and high unemployment.
Answered by RUS - Sat Apr 26 21:43:38 2008
Q. T OR F
Asked by rkuchan1 - Sat Apr 26 14:46:39 2008 - - 1 Answers - 0 Comments
A. False - this relationship is described by Philips curve: Under these conditions unemployment in general (there also possible exceptions) tends to be lower (because of falling real wages) and consequently more labor-force are employed. Though some other theories describe situations then there is both high inflation and high unemployment.
Answered by RUS - Sat Apr 26 21:43:38 2008
Will the Bush term unemployment rate exceed the Reagan years record high of 10.8 percent?
Q. Unemployment rates from Jan 1969 through Nov 2008 Please keep in mind that these numbers do not display the actual percentage of able-bodied Americans seeking work without a job, which is far greater.
Asked by Chi Guy - Wed Dec 24 13:34:07 2008 - - 23 Answers - 0 Comments
A. no, i don't think so. this doesn't mean there isn't a carryover from this current time that continues to deteriorate into a larger unemployment number early in obama's term...something he cannot be blamed for just taking over the helm. with larger population in the usa now than in reagan's days, 10.8 pct means a lot more people unemployed than in his days. not sure it will get that large, but i also wouldn't say odds against it are strong. no question we're in a difficult economic period.
Answered by The Beast - Wed Dec 24 13:41:37 2008
Q. Unemployment rates from Jan 1969 through Nov 2008 Please keep in mind that these numbers do not display the actual percentage of able-bodied Americans seeking work without a job, which is far greater.
Asked by Chi Guy - Wed Dec 24 13:34:07 2008 - - 23 Answers - 0 Comments
A. no, i don't think so. this doesn't mean there isn't a carryover from this current time that continues to deteriorate into a larger unemployment number early in obama's term...something he cannot be blamed for just taking over the helm. with larger population in the usa now than in reagan's days, 10.8 pct means a lot more people unemployed than in his days. not sure it will get that large, but i also wouldn't say odds against it are strong. no question we're in a difficult economic period.
Answered by The Beast - Wed Dec 24 13:41:37 2008
Do the unemployment numbers include those who lost their job, but can not claim benefits, or those.....?
Q. whose benefits ran out? and if they do not, what is the actual unemployment rate?
Asked by Visitors - Thu Sep 10 14:46:55 2009 - - 7 Answers - 0 Comments
A. The numbers you hear most often are those on unemployment. Often, people will also cite numbers of those whose unemployment has run out, or those who've given up seeking employment, as well as "under-employed" -- people who want full-time, but only have part-time employment. Sorry, dunno how high the number of "people who want jobs but don't have them" is -- in the teens, I think. 17% maybe (I heard it cited recently, but am just not sure). There are sites that cover labor statistics -- have you tried searching on that phrase?
Answered by tehabwa - Thu Sep 10 15:09:29 2009
Q. whose benefits ran out? and if they do not, what is the actual unemployment rate?
Asked by Visitors - Thu Sep 10 14:46:55 2009 - - 7 Answers - 0 Comments
A. The numbers you hear most often are those on unemployment. Often, people will also cite numbers of those whose unemployment has run out, or those who've given up seeking employment, as well as "under-employed" -- people who want full-time, but only have part-time employment. Sorry, dunno how high the number of "people who want jobs but don't have them" is -- in the teens, I think. 17% maybe (I heard it cited recently, but am just not sure). There are sites that cover labor statistics -- have you tried searching on that phrase?
Answered by tehabwa - Thu Sep 10 15:09:29 2009
Economic-Cyclical unemployment question-thank you?
Q. If the cyclical unemployment rate is negative, then the ___. natural unemployment rate is less than the actual unemployment rate in the economy. natural unemployment rate is greater than the actual unemployment rate in the economy. structural unemployment rate is greater than the frictional unemployment rate. structural unemployment rate is less than the frictional unemployment rate. a and d
Asked by azn d - Fri Jul 25 15:41:32 2008 - - 1 Answers - 0 Comments
A. a) natural unemployment rate is less than the actual unemployment rate in the economy.
Answered by J - Fri Jul 25 15:49:58 2008
Q. If the cyclical unemployment rate is negative, then the ___. natural unemployment rate is less than the actual unemployment rate in the economy. natural unemployment rate is greater than the actual unemployment rate in the economy. structural unemployment rate is greater than the frictional unemployment rate. structural unemployment rate is less than the frictional unemployment rate. a and d
Asked by azn d - Fri Jul 25 15:41:32 2008 - - 1 Answers - 0 Comments
A. a) natural unemployment rate is less than the actual unemployment rate in the economy.
Answered by J - Fri Jul 25 15:49:58 2008
What exactly are "seasonally adjusted" unemployment rates?
Q. What exactly does "seasonally adjusted" unemployment rates mean. How does the government calculate/adjust the actual number of new unemployment claims?
Asked by timlcook - Thu Jul 16 09:58:09 2009 - - 2 Answers - 0 Comments
A. "Seasonal adjustment removes the effects of events that follow a more or less regular pattern each year. These adjustments make it easier to observe the cyclical and other nonseasonal movements in a data series." Basically, during Summer months many automakers for example temporarily lay off their workers for a few weeks. Which increases the number of people applying for unemployment benefits. This happens regularly. And for this reason the government has decided to subtract this regular number from the total number of people applying for unemployment benefits. That's why seasonally adjusted unemployment numbers during the Summer are reported lower than they actually are. But this year, a lot of the autoworkers got laid off in… [cont.]
Answered by Alvie - Thu Jul 16 10:28:24 2009
Q. What exactly does "seasonally adjusted" unemployment rates mean. How does the government calculate/adjust the actual number of new unemployment claims?
Asked by timlcook - Thu Jul 16 09:58:09 2009 - - 2 Answers - 0 Comments
A. "Seasonal adjustment removes the effects of events that follow a more or less regular pattern each year. These adjustments make it easier to observe the cyclical and other nonseasonal movements in a data series." Basically, during Summer months many automakers for example temporarily lay off their workers for a few weeks. Which increases the number of people applying for unemployment benefits. This happens regularly. And for this reason the government has decided to subtract this regular number from the total number of people applying for unemployment benefits. That's why seasonally adjusted unemployment numbers during the Summer are reported lower than they actually are. But this year, a lot of the autoworkers got laid off in… [cont.]
Answered by Alvie - Thu Jul 16 10:28:24 2009
a 2 percentage point negative GDP gap occurs. This is a statement of:?
Q. For every 1 percentage point that the actual unemployment rate exceeds the natural rate, a 2 percentage point negative GDP gap occurs. This is a statement of: a. Taylor's rule. b. Okun's law. c. Say's law. d. the Coase theorem.
Asked by Megan - Tue Jul 7 18:11:41 2009 - - 1 Answers - 0 Comments
A. b. Okun's law. Taylor's rule relates to monetary policy (interest rate targeting as i= ( ; ;y;y*)) Coase theorem relates to outcome as final efficiency in economy and externalities independently from initial distribution of property rights. Say's law relates to aggregate equilibrium as supply=demand There are also "sacrifice ratio" (as GDP/ ) and "Philips curve" (U= ( ))
Answered by J - Thu Jul 9 21:44:41 2009
Q. For every 1 percentage point that the actual unemployment rate exceeds the natural rate, a 2 percentage point negative GDP gap occurs. This is a statement of: a. Taylor's rule. b. Okun's law. c. Say's law. d. the Coase theorem.
Asked by Megan - Tue Jul 7 18:11:41 2009 - - 1 Answers - 0 Comments
A. b. Okun's law. Taylor's rule relates to monetary policy (interest rate targeting as i= ( ; ;y;y*)) Coase theorem relates to outcome as final efficiency in economy and externalities independently from initial distribution of property rights. Say's law relates to aggregate equilibrium as supply=demand There are also "sacrifice ratio" (as GDP/ ) and "Philips curve" (U= ( ))
Answered by J - Thu Jul 9 21:44:41 2009
From Yahoo Answer Search: 'actual unemployment rate'
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