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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1 answer
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UK unemployment for July 2016

Why was the UK unemployment rate in July 2016 lower than forecasted by the Bank of England?
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3 answers
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Why protectionism is bad?

can you please explain from the economic point of view, why protectionism is bad? If sometimes it is sensible to protect some industries to avoid unemployment, loses of some professionals, death of ...
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Decentralization of business due to internet/mass communication, or mere bosses-at-a-distance?

Excuse my question if it sounds brutish and uneducated but I'm curious about the recent trend of businesses like Uber, Google Play Store, Apple Store, possibly even Craigslist (et al) which are more ...
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6 votes
1 answer
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Why are there so many migrants in the modern world?

I want to ask you if there is an explanation in your science of why there are so many migrants in the modern world? I live in Russia, and after the dissolution of the USSR a lot of people here had ...
10 votes
2 answers
1k views

Why does immigration boost the economy? (or does it not...?)

I'm a novice at macroeconomics, and trying to understand the effect of immigration (from developing nations) on the economy of a developed nation. Specifically, I am considering the effect when the ...
1 vote
0 answers
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Will interest rates still hike even after a weak jobs report?

Has this happened before in the past? A weak jobs report and a hesitant economy followed by a federal rate hike to control inflation? Thank you to all.
1 vote
1 answer
52 views

Is there a change over the business cycle in how much of economic activity is market-based?

Out of the total production in an economy, a big part is market-based, as when you make something and sell it. But a big part is not, as when you make something and don't sell it, but exchange it or ...
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2 votes
1 answer
133 views

How can we measure the size of the new uber-driver-type economy?

Uber has probably hundreds of thousands of drivers just in the US. There are many other gig economy firms growing quickly, not only lyft, but also Amazon Prime, bite squad, etc. Is there some place in ...
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0 votes
1 answer
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How to distinguish Full-time (FT) employment and Part-time (PT) employment when calculating employment rate?

Which of the following is true for the Canadian labour force data for June, 2015, for unemployment, Full-time (FT) employment, and Part-time (PT) employment? A) Unemployment fell because FT ...
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2 votes
0 answers
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Is America economy, Connecitcut's economy, and the global in general recovering and better than the year 2008?

Please answer all three if you can. I live in Connecticut, America, and of course global trade and economies matter as we are becoming more global from technology. December 2007 the markets ...
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1 vote
0 answers
32 views

How can I find state-level data on the unemployment rate of youth for 2014 and 2015?

I have found state-level, monthly unemployment data for 2014/2015, and I have found national monthly youth unemployment data for 2014/2015. However, I need all four together; State-level, monthly ...
0 votes
1 answer
503 views

Unemployment and its relationship with Inflation

Can anybody please explain me "Inflation-Unemployment Trade-off under Adaptive Expectation and under Rational Expectation"?
3 votes
3 answers
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Can lower working hours beat unemployment?

The common sense reasoning is downright simple: if X hours of works are needed per month, and Y people are available to work, give each person X/Y hours of work each month. I understand that there ...
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4 votes
3 answers
301 views

What keeps minimum wage rates in balance?

I would posit that the minimum wage is determined more on a political than an economic basis. The fact is that there are more wage earners than business owners and, generally speaking, the wage ...
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3 answers
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Do machines reduce labor... or so they redistribute, alter, and globally increase labor?

John Stuart Mill famously remarked that labor-saving machines have not saved one minute of labor. More seriously, Marx argued, roughly, that machines can gain temporary market advantage, but cannot ...
114 votes
16 answers
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How will non-rich citizens make a living if jobs keep getting replaced by robots and are outsourced?

Decades ago a factory job could support a wife and kids until retirement and they offered insurance, benefits, etc. Now, no more unions, those jobs as well as tech and customer service jobs are ...
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5 votes
1 answer
407 views

What were the factors that caused the Philips curve to stop working during the 1970s?

Philips curve says that inflation and unemployment were inversely correlated. In the 1970s, stagflation happened. If Philips curve hold true, stagflation is impossible. What were the factors that ...
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1 answer
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Unemployment and Labor Force MacroEconomics

Suppose that the total population on the 1st of January 2001 was 40 million people, of which 30 million were above age 16. Suppose that among the latter, 12 million people were not working or actively ...
-2 votes
3 answers
164 views

Does the Fed use misinformation as a tool for good monetary policy?

The Congress established the statutory objectives for monetary policy-- maximum employment, stable prices, and moderate long-term interest rates --in the Federal Reserve Act. http://www....
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1 vote
1 answer
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Why consider non-farm payrolls?

Why does the US consider non-farm payrolls when looking at employment levels? What are the reasons for not including farms? Are the workers too transitive, does it not contribute in a certain way to ...
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5 votes
4 answers
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Relationship between Real Interest Rate and Employment

The country of Kingsland is considering the introduction of a compulsory retirement saving scheme. Under this scheme all workers are required to save ten per cent of their annual wages and ...
0 votes
1 answer
156 views

Test: Part-time Workers Effect on Unemployment Rate

I want to test the causality of part-time workers on unemployment rate. Should i use part-time workers as a share of total employment or total labour force? If I run a regression of part-time workers ...
0 votes
0 answers
30 views

Beveridge Curve: Add a Variable for Young Share

A beveridge curve show the relationship between unemployment and vacancy. Some papers add additional variables like Real GDP, real interest rate, etc to test for the matching efficiency of the BC. ...
9 votes
3 answers
5k views

What effect does changing the retirement age have on employment?

I had an interesting casual discussion with a colleague the other day. A lot of western economies at least, such as New Zealand, have some form of retirement pension. It New Zealand it's called ...
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12 votes
3 answers
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Is 'full employment' synonymous with 'the natural rate of unemployment'?

Is the phrase 'full employment' synonymous with the phrase 'the natural rate of unemployment'? Parkin, et al. (2010) seem to use these two terms interchangably in chapter 20, but looking up these two ...
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3 votes
2 answers
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Does working abroad cause less unemployment? Or is it actually harmful (directly or opportunity cost)?

This question is from subjective origins but is (supposed to be) objective. The context of this question arises from people in third world countries going abroad to work. Often they are seen as money-...
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1 vote
1 answer
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Reject worker after match

In the DMP family of labor models, we typically have $V$ denoting a vacancy and $J$ denoting the value of a job. $V$ typically becomes 0 through free entry. Say a firm get matched with a worker of ...
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1 vote
1 answer
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DMP: Two Labor Markets

Consider the following extension of the standard DMP model, in which we have two labor markets with different returns, indexed $i$. The markets are completely separated and firms and workers can only ...
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4 votes
1 answer
131 views

Reasons for the recent rise in long-term unemployment

Kroft et al document the raise of long-term unemployed in the US during the recent crises. This is an impressive figure from their paper: They show that the raise does not come from compositional ...
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3 votes
1 answer
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Data: Vacancies in the US before 2005

Shimer (2005) says These [separation shocks] introduce an almost perfectly positive correlation between unemployment and vacancies, an event that essentially never been observed in the United ...
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8 votes
2 answers
309 views

Solving Kaplan and Menzio: Shopping Time

Kaplan and Menzio's shopping time model is a search&matching unemployment model where we, for a steady state equilibrium, need to determine to variables: $J$: Value of a worker $u$: unemployment ...
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1 vote
1 answer
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State Level Unemployment Data

I thought that the St Louis FED was the ultimative resource for macro data, but even they don't appear to have a time series of state level unemployment numbers for the United States. Who does?
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23 votes
2 answers
3k views

Should we expect more structural technological unemployment if growth becomes more limited by natural resources and less by labour?

Technological unemployment, where unemployment arises from (with some oversimplification) workers being replaced by machines, has so far been temporary as new jobs were created that replaced the old ...
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7 votes
5 answers
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Has the natural rate of unemployment decreased with modern travel and the Internet?

The natural rate of unemployment is a combination of structural unemployment and frictional unemployment. Structural unemployment is caused by a surplus of labor at a given wage in a given area. ...
32 votes
3 answers
5k views

What has caused the recent 25% unemployment rate in Spain?

The unemployment rate in Spain has recently been fluctuating around 25%. What has caused this?
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