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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About the Phillips curve

We know that the Phillips curve takes into account demand shocks, but it's totally susceptible to supply shocks. Are there other types of curves/representations of the unemployment-inflation ...
Ion Padilla Méndez's user avatar
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Wage setting equation

I'm currently doing multiple choice questions and cant figure this question out. I keep getting 1/9 as an answer when its meant to be 10%. Any help would be great. Thanks Suppose that the mark-up of ...
Jack's user avatar
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Why cant other country Imitate China give people work in place of relief subsidies? especially country with low-employment rate?

From my shallow perspective as a Chinese, whenever there is a low economic growth rate, there is a massive infrastructure building plan as to give people work in place of relief subsidies to stimulate ...
Tong Su's user avatar
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Means of increasing employment in classical economics according to Keynes

In The General Theory of Employment, Interest and Money, Chapter 2: The postulates of the classical economics, John Maynard ...
santos82h's user avatar
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Where's the current research at the intersection of labor market and macroeconomics?

I am into monetary economics and DSGE modeling, so I'm not very up-to-date when it comes to research on labor markets. Can anyone give me an overview of the current research trends on labor markets (...
erised's user avatar
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Relationships between several economic concepts, and chatGPT's explanation [closed]

Sadly I have so little knowledge of economics that I can barely read the news these days. Answering my questions the old fashioned way (via Google) tends to confuse me more. So I asked chatGPT, but I ...
user90664's user avatar
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Why is full employment desired in an economy if competition promotes innovation?

Why is full employment desired in an economy if competition promotes innovation? In the simple Keynesian model, full employment equilibrium is a desired outcome, as everyone is employed. However, if ...
math and physics forever's user avatar
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What are the most plausible scenarios for Eurozone economics without Nord Stream 1 gas?

As you may have heard, the Nord Stream 1 and 2 gas pipelines are no longer available. It is possible to foresee the most probable economic outcomes of that events to the Eurozone area? My main focus ...
Vitaly Olegovitch's user avatar
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Unemployment only differs from its natural rate if expected inflation is different from actual inflation - why?

This is a quote from Mankiw. No further explaination is given and I'm having trouble working through the logic behind this statement. Could someone explain the process behind this assertion?
Studi's user avatar
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How can employment be up but production is down?

I don't really understand current macro economics. There is definite scarcity. Production of practically every major commodity and common durable goods is down. This is causing prices to increase, as ...
Lassie Fair's user avatar
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Does raising rates lead to lower wages?

You sent https://www.cp24.com/news/bank-of-canada-raises-key-rate-half-a-point-to-1-and-warns-of-further-hikes-to-come-1.5859951 Since companies that make stuff rely mostly on credit to do that. Now ...
Ash Rivers's user avatar
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In search of a proper explanation of classical concept of employment

We studied Microeconomics in our first year college classes, and now in second year we have Macroeconomics. We have in our syllabus Keynesian theory of employment, and the books issued by college ...
ConGovDeIn's user avatar
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Measures on the composition of the unemployed by educational attainment in the US

I am trying to find statistics on the profile of unemployed individuals in the U.S. categorized by educational attainment. I have found statistics on the unemployment rate for each education group (e....
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Are citizens being leased by their state?

Employment seems like a lessor/lessee relationship to me. The lessor being the state and the lessee being a company. In exchange for the lease, the state receives taxes, the employee receives pay, the ...
user1095108's user avatar
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Solution Check on Problem about expected inflation and Philips Curve relation (from Blanchard's Macroeconomics book)

Consider a country with two political parties, Democrats and Republicans. Democrats care more about unemployment than Republicans, and Republicans care more about inflation than Democrats. When ...
eddie's user avatar
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How to create/replicate Diebold's Canadian Employment Index?

In his textbook "Elements of Forecasting", Francis Diebold presents on page 130 the following series describing it as the Canadian Employment Index, quarterly, seasonally adjusted. The data ...
ColorStatistics's user avatar
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Unemployment data - registered unemployed > ILO defined unemplyment

I have noticed that in Poland the rate of registered unemployed is higher than the "unemployement" rate. Here are the stats from the Polish regime (by month): Source: https://stat.gov.pl/en/...
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Separation rate & job finding rate

On page 494, when discussing the natural rate of unemployment Mankiw states that the NRU is caculated by dividing job separation/job separation + job finding. See below: "The NRU can be viewed as ...
Studi's user avatar
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Unemployment forecasting model specification

I am building a model to forecast unemployment using GDP, the CPI index and the industrial production index (INDPRO) as covariates. Since I am looking to use stationary time series, I gathered the ...
T. Cowell's user avatar
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What is the author trying to imply in this sentence? what is employment per unit of capital?

"The usage of extra machinery does not cause unemployment since, employment per unit of capital is large in labor-intensive products that the country exports and the vast world market allows ...
user3511143's user avatar
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Can anyone please interpret this sentence on employment?

If the increase in labour force has been higher than the rate of population growth, it means that the population is becoming younger requiring the creation of new job opportunities at an increasing ...
Devjit Ghosh's user avatar
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If companies could reduce prices to bring up demand during a recession, then why there is less production/output and more unemployment

When consumer demand reduces, and if companies could reduce prices to bring up demand during a recession, then why there is less production/output and more unemployment during a recession?
Tim Lee's user avatar
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Why high levels of inflation doesn't leads to high levels of employment?

According to the original Phillips curve $\pi=(\mu+z)-u$ there's a negative relation between inflation and unemployment. That being said, if there were a really high level of inflation, then there ...
Verónica Rmz.'s user avatar
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1 answer
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Search and Matching model with 2 agents?

I would like to know if you know any model with Search and matching framework (Mortenses-Pisarides style) with 2 types of workers (like Ricardian and rule of thumb consumers for exemple) ? I would ...
BAL's user avatar
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Imputing # of unemployed from Labor Force Survey

I am working on state-level data, where one state has recently stopped publishing the absolute figures for the number of the unemployed. Instead, it currently only releases U and LFP rates. ...
maldini425's user avatar
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Unemployment with Insiders-Outsiders. What is a core employee?

In Dynamic Macroeconomics book, by Alogoskoufis, on chapter 17, he analyses a model of aggregate fluctuations that is based on periodic nominal wage contracts and can explain involuntary unemployment (...
An old man in the sea.'s user avatar
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1 answer
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How does using HP filter allows us to estimate long-run values for variables such as output and unemployement?

I'm reading the paper "Okun's Law: Fit at 50?" written by Laurence Ball, Daniel Leigh and Prakash Loungani. In it, in order to estimate Okun's Law in its level form, they use the HP filter ...
Pedro Cunha's user avatar
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Inverting the production function - Okun's Law: Fit at 50? (BALL; LEIGH; LOUNGANI, 2012)

Consider the following equations: $$ \tag{1} E_t - E_t^* = \gamma \cdot (Y_t - Y_t^*) + \eta_t, \gamma > 0, $$ $$ \tag{2} U_t - U_t^* = \delta \cdot (E_t - E_t^*) + \mu_t, \delta < 0 $$ where $...
Pedro Cunha's user avatar
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Unemployment Claims vs Monthly Jobs Report

Lately weekly Unemployment claims have been around 700,000. So Monthly unemployment claims are about 4 x 700,000 or 2,800,000. YET Jobs Reports say: The U.S. economy gained 638,000 jobs in ...
Roger's user avatar
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Are there any measures of U-6 Unemployment that take into account ageing out of the work force explicitly?

Labor Force Participation has been steadily decreasing over the last 20 years or so. The Fed says that this has been the case mostly due to the demographic shifts, and to an extent the data backs that ...
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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, ...
Sky_9999's user avatar
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1 answer
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Unemployment rates in US during COVID-19

Does the COVID-19 pandemic affect the unemployment rate in US?
Anonymous M's user avatar
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1 answer
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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 ...
J. Doe's user avatar
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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 ...
Zhiltsoff Igor's user avatar
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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 ...
MrMineHeads's user avatar
2 votes
1 answer
87 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 ...
Tony456's user avatar
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2 answers
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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 ...
MrMineHeads's user avatar
0 votes
1 answer
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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 ...
Tony456's user avatar
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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 ...
R-User's user avatar
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How can I obtain monthly unemployment by ethnicity by state for the US?

Grateful for any help, thoughts and direction.
TheEconomist's user avatar
1 vote
1 answer
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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 ...
user28625's user avatar
2 votes
0 answers
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 ...
Dolphin 613 Motorboat's user avatar
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1 answer
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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 ...
Tan Yong Boon's user avatar
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2 answers
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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 ...
tparker's user avatar
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1 answer
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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 ...
Dolphin 613 Motorboat's user avatar
1 vote
2 answers
88 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 ...
KarmaPeasant's user avatar
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2 votes
1 answer
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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, ...
Dolphin 613 Motorboat's user avatar
1 vote
1 answer
67 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 ...
Eliter's user avatar
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1 answer
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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 ...
KarmaPeasant's user avatar
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-4 votes
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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 ...
KarmaPeasant's user avatar
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