Questions tagged [unemployment]

Unemployment is the condition of one who is capable of working, actively seeking work, but unable to find any work.

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1answer
108 views

Would a Federal Job Guarantee hurt the economy?

I've been reading about how a job creation program would disrupt the private sector. One of the main things I kept seeing was that the a FJG will result in the elimination of thousands of jobs. So, ...
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1answer
29 views

Unemployment rates in US during COVID-19

Does the COVID-19 pandemic affect the unemployment rate in US?
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1answer
26 views

In-ovo chick sexing vs. unemployment [closed]

As they report in Wikipedia, daily 7 million male chicks are killed for economic reasons. What I did not know is that obviously the actual separation, sexing is done manually? Instrument or machine ...
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19 views

Explaining negative “cyclic” unemployment with a production function

First of all, here is a related post. Unfortunately, it does not answer my question. I have heard that there is an understanding of negative unemployment in economic theory. Obviously, absolute ...
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11 views

What are the different use cases in economics for the different definitions of unemployment published by the Bureau of Labor Statistics?

The BLS releases the unemployment rate in the United States once every month. This unemployment rate (officially U-3) is defined as the total unemployed as a percentage of the the total civilian work ...
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1answer
45 views

Can anyone help me understand the Motrtensen-Pissarides model?

I am seeking help with the Mortensen-Pissarides model in discrete time? Basically, I was given the following in class example (which we didn’t complete do to time constraints associated with the end ...
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1answer
23 views

What measure of unemployment is used by central banks to find out whether the rate of unemployment is below the natural rate of unemployment?

Having an unemployment rate below the natural rate of unemployment (NRU) leads to wage inflation and a reduction in productivity. Seeing the consequences of that, and knowing that one of the roles of ...
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1answer
29 views

What is the probability of an unemployed worker receiving no job offer during a time period?

we are currently covering one sided search models and I had a question for you all. I kind of understand the raw calculus behind finding the probability of a job offer over a time interval h, but what ...
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0answers
18 views

Modelling the effect of crisis on unemployment

We want to estimate the effect of crises on a country's unemployment rate and distinguish the strength of this effect according to the debt level in a country (i.e. via the interaction effect crisis x ...
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47 views

How can I obtain monthly unemployment by ethnicity by state for the US?

Grateful for any help, thoughts and direction.
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1answer
44 views

What's holding the U.S. from decreasing unemployment by cutting H1B limits?

I don't understand why doesn't the U.S. decrease the number of H1B visa holders (foreign workers) during the current economic crisis? The unemployment is skyrocketing, wouldn't this measure decrease ...
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32 views

would CPEC leave at least 10000 people jobless?

Some Indian newspapers quote a Netherlands based Russian analyst Yoana Barakova and say that CPEC will leave at least 10000 people jobless in Pakistan's Gilgit-Baltistan province. The Indian media ...
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37 views

Are there any estimates for what percentage of the jobs lost this spring are “permanent” at least for the rest of the year?

In a "view from the helicopter" video by The Economist on the aftereffects of Covid-19, one of the editors says that it's very unlikely we'll see a return to normal this year e.g. in the restaurant ...
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26 views

Choice of measure for unemployment

There are six types of unemployment rates in the US (U1-U6). U6 provides the broadest measure of unemployment, taking into account not only the unemployed labour market participants who are actively ...
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31 views

What does the seasonal adjustment curve for major macroeconomic metrics look like?

All the explanations of seasonal adjustment that I found from a quick search either don't give any quantitative examples, or give an example with a time series that is either made up or represents an ...
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1answer
37 views

Under what BLS line do “people who want a job but haven’t searched in the last 12 months” show up?

I'm trying to understand how this CNN math was derived: This category — jobless people who “want a job now” but “did not search for work in the previous year” — has hovered around 3 million workers ...
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11 views

How does a subsidy affect the No-Shirking Condition for the Shapiro-Stiglitz model?

The subsidy, s is given such that the wage workers receive will be (1+s)w , while firms still pay w. My understanding is that since NSC is independent of subsidies, the required wage for workers to ...
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26 views

Are there any studies that examine the relationship between welfare spending and unemployment?

Basically I want to know if there are any studies that examine whether or not people on welfare are disincentivised to work, or if they are "trapped" by welfare.
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2answers
74 views

Should unemployment caused by the government closing non-essential businesses during quarantine be counted as structrural unemployment?

I have following definition of structural unemployment (taken from "Modern principles of economics" by Tyler Cowen and Alex Tabarrok): Long-term unemployment caused by shocks or permanent features ...
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1answer
43 views

Does the sudden spike in the US jobless claim pose systemic risk to the US unemployment insurance system?

There has been an unprecedented short-term increase in US unemployment owing to the Covid-19 crisis. Initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21, ...
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1answer
61 views

Who is working right now? (coronoavirus)

Is there any research, graphs, or any formal (non-opinion) information on where I can get information on what people are working right now? I want to know, who is still collecting a paycheck. I am a ...
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1answer
263 views

Am I correct that cyclical unemployment can be negative?

Let's start with stating and emphasizing some truths that we will need later. Overall unemployment rate=Frictional unemployment + Structural unemployment + Cyclical unemployment. Also, Natural rate of ...
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85 views

Can structural unemployment be caused by regulations/laws of the government?

I think yes. Is my reasoning correct? The reasoning: Suppose, for an example, that prostitution was legal, but then the State changed its laws and criminalized prostitution. Has the State created ...
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1answer
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Areas of Europe with more women than men have higher GDP and lower unemployment. Why might this be? [closed]

Using Eurostat data I've found that regions of Europe with more women than men (i.e. female biased sex ratio) have higher GDP and lower unemployment than areas with male biased sex ratios. any idea ...
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1answer
53 views

Why would overemployment mean that labor is used inefficiently?

If labor is being used efficiently, there is no excess unemployment or over employment. This phrase from Khan Academy struck me as quite strange. Why on Earth would over employment mean that labor ...
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1answer
21 views

Can you recursively forecast one variable using two variables?

My question is probably very elementary but I haven't been able to find an explanation of recursive forecasting that I fully understand. I've read a journal article that seemed to recursively ...
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1answer
37 views

Difference between unemployment rate between ILO and bureau of labor statistics

Why there are differences between the unemployment rate of the US between the data of the bureau of labor statistics and the ILO (international labor organization). Have they different definitions of ...
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Are there any net benefits in reducing/increasing tourist-oriented retail business?

Hong Kong is currently experiencing a slump in foreign tourist-oriented retail sales. Shops selling jewellery, watches, infant formula or Chinese medicine experienced a 25-35% decline YoY in August. ...
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23 views

Economic Achilles' heels of global financial economy

The latest attacks on oil production in Saudi-Arabia highlights the need for risk managers to follow up on possible terrorist targets that can have a global impact on the global financial economy, ...
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1answer
172 views

Limitation of Unemployment rate

What is the rationale behind government not including discouraged workers who have given up looking for jobs out of frustration given the state of economy? This under-reports the job market and at ...
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1answer
39 views

Define structural unemployment

I am a bit confused regarding the actual definition of structural unemployment. Some places say that it is the permanent decline of a particular industry, leading to workers being unemployed as they ...
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1answer
27 views

Has there been an applications of search and matching theory in the Neoclassical Growth Model?

Specifically, I am looking for the standard neoclassical growth model, but the labour decision is based on either search or matching theory instead of a Walrasian labour mechanism.
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75 views

What is low unemployment and low gdp growth symptomatic of?

Obviously there are caveats with GDP, if you build a bridge to nowhere it counts as GDP, but if you mow your own lawn or volunteer to pick up garbage it doesn't count, and so forth and so on. However, ...
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2answers
91 views

Does migration exacerbate (albeit delay) the problem of aging, economically-inactive populations in Western societies?

As a layman, I've always understood that there is a general consensus amongst economists that "immigration is economically beneficial" to rich Western countries (like Britain) who have aging ...
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1answer
56 views

In April 2019 our economy created 263000 new jobs, however, total employment went down from March to April by103000 jobs. Why this difference?

https://tradingeconomics.com/united-states/employed-persons This link shows that total employment declined from March to April even though we added 263000 new jobs. Can someone explain why?
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79 views

Search and matching model: effect of hiring cost on wage curve

What effect does the hiring cost have on the wage bargaining outcome (wage curve)? In Cahuc, Carcillo, and Zylberberg: Labor Economics, they derive the following wage curve: $$w = z + (y-z) \frac{\...
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10 views

Have any economics papers used unified cure models?

Does anyone know if there are unified cure models (aka split population models) in time-until-employment studies that combine the mixture cure approach with the promotion time approach as described in ...
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70 views

What are some common causes of jobless growth?

While "jobless recovery" is often discussed in the aftermath of recessions in Western countries, it seems it's always a short-lived phenomenon. On the other hand, it looks like in other parts of the ...
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368 views

Why are the Fed's goals often described as the “dual mandate” and not the “triple mandate”?

The Federal Reserve Act Section 2A states: The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit ...
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1answer
134 views

Average employment length

From Macroeconomics 7th edition by Gregory Mankiw, p166. Here’s a numerical example. Suppose that 1 percent of the employed lose their jobs each month ($s$ = 0.01). This means that on average jobs ...
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41 views

Technological unemployment

I am doing a project on technological change in the job market, that is the substitution of routine occupations and increasing demand for high-skilled jobs. I have done some research on this and now I ...
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2answers
71 views

If someone stays at home because they can't find the type of job they want, are they included in unemployment numbers?

Say someone is looking for a job, but the ones they can find either don't give them the right compensation (businesses pay them too low) or is not the type of work they're looking for. So they stay at ...
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0answers
227 views

How is there full employment level at equilibrium level according to Keynesian theory(AD-AS approach)?

According to Keynesian theory :- Equilibrium level is the point at which Aggregate Demand curve intersects Aggregate Supply curve . And this point is termed as Full Employment Level How do we ...
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1answer
74 views

How is employment related to aggregate demand and aggregate supply?

When we talk about excess or deficient aggregate demand , how does employment suddenly comes ?
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3answers
58 views

Why do stricter emission limits cost jobs?

I live in Germany and as most people know the car industry is very important in our country. Currently, there is a discussion about stricter emission limits for cars in the European Union. The car ...
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5answers
227 views

Why do firms losing money almost always reduce labor costs via layoffs instead of pay cuts?

At least in the United States, firms seem to almost always reduce labor costs via layoffs rather than pay cuts. Pay cuts are so rare that they're literally headline news. From an economic standpoint, ...
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2answers
73 views

Is Debt Monetization Equivalent to transferring money from rich to poor?

I'm reading Ray Dalio's "How the Economic Machine Works", and he says that there are four factors contributing to deleveragings in economies: 1) Debt Reduction 2) Austerity 3) Transferring wealth ...
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3answers
213 views

Does immigration help to sustain welfare in rich European countries?

There is a lot of discussions about immigration and its effect on economies lately in Europe, so I'd like to ask a question. Is it true that immigration helps to sustain welfare in rich European ...
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1answer
36 views

US unemployment data release date

Using the CSV file provided by St. Louis Fed (which is based on the data series LNS14000000 from the Bureau of Labor Statistics) I noticed that the date is always the first day of each month for the ...
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1answer
112 views

Labour Market: simple macroeconomic modeling

I just started reviewing macroeconomic modeling for an upcoming entry exam, and I'm not sure about my answers in this application: Suppose that the economy of a country has a representative firm ...