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Unadjusted claims dropped 34,967 to 210,166 last week amid a plunge of 9,777 in filings in California and a tumble of 6,383 in Texas. ... The unemployment rate is forecast to rise to 4.2% from 4.1 ...
The statewide unemployment rate went up a notch to 5.3% in August (from 5.2% in July), tied with Illinois for the second highest behind Nevada’s 5.5% rate, the U.S. Bureau of Labor Statistics said.
It lowered the state’s unemployment rate to 5.2% from 5.3%, which was the highest in the nation. The added jobs accounted for 16.1% of the country’s gains while California has an 11% labor ...
"Demand-pull inflation" refers to the effects of falling unemployment rates (rising real gross domestic product) in the Phillips curve model, while the other two factors lead to shifts in the Phillips curve. The built-in inflation originates from either persistent demand-pull or large cost-push (supply-shock) inflation in the past.
This is nothing but a steeper version of the short-run Phillips curve above. Inflation rises as unemployment falls, while this connection is stronger. That is, a low unemployment rate (less than U*) will be associated with a higher inflation rate in the long run than in the short run. This occurs because the actual higher-inflation situation ...
During the COVID-19 pandemic, the state's UI system was hit hard with an overwhelming number of unemployment claims, resulting in the state borrowing roughly $20 billion from the federal ...
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
The Beveridge curve, or UV curve, was developed in 1958 by Christopher Dow and Leslie Arthur Dicks-Mireaux. [2] [3] They were interested in measuring excess demand in the goods market for the guidance of Keynesian fiscal policies and took British data on vacancies and unemployment in the labour market as a proxy, since excess demand is unobservable.