Search results
Results from the WOW.Com Content Network
Okun's law is an empirical relationship. In Okun's original statement of his law, a 2% increase in output corresponds to a 1% decline in the rate of cyclical unemployment; a 0.5% increase in labor force participation; a 0.5% increase in hours worked per employee; and a 1% increase in output per hours worked (labor productivity).
Once the seasonal influence is removed from this time series, the unemployment rate data can be meaningfully compared across different months and predictions for the future can be made. [3] When seasonal adjustment is not performed with monthly data, year-on-year changes are utilised in an attempt to avoid contamination with seasonality.
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
The unemployment rate has risen for four straight months, partly reflecting an immigration-induced surge in labor supply. Gross domestic product increased at a 3.0% annualized rate last quarter ...
Nov. 17—Unemployment ticked higher in Kern County last month amid various seasonal fluctuations, the state Employment Development Department reported Friday. The county's seasonally unadjusted ...
The unemployment rate increased to 4.2%. Hurricanes and a strike by Boeing workers weighed heavily on the October report, which was revised to show there were 36,000 jobs created last month. The ...
The BMI takes the sum of the inflation and unemployment rates, and adds to that the interest rate, plus (minus) the shortfall (surplus) between the actual and trend rate of GDP growth. In the late 2000s, Johns Hopkins economist Steve Hanke built upon Barro's misery index and began applying it to countries beyond the United States. His modified ...
The unemployment rate of Britain's young black people was 47.4% in 2011. [163] 2013/2014 has seen the employment rate increase from 1,935,836 to 2,173,012 as supported by [164] showing the UK is creating more job opportunities and forecasts the rate of increase in 2014/2015 will be another 7.2%. [165]