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Seasonal unemployment may be seen as a kind of structural unemployment, since it is a type of unemployment that is linked to certain kinds of jobs (construction work, migratory farm work). The most-cited official unemployment measures erase this kind of unemployment from the statistics using "seasonal adjustment" techniques.
III. Unemployment [examining different effects from "normal unemployment," casual unemployment, seasonal unemployment and other foreseeable factors, such as wage rigidity] IV. The Working of Competition [including the theory of "bargaining advantage," local and occupational differences in wages, labour mobility, and exploitation of labour]
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).
Natural rate of unemployment (also known as full employment) – This is the summation of frictional and structural unemployment, that excludes cyclical contributions of unemployment (e.g. recessions) and seasonal unemployment. It is the lowest rate of unemployment that a stable economy can expect to achieve, given that some frictional and ...
Unemployment is an example of a countercyclical variable. [4] Similarly, business failures and stock market prices tend to be countercyclical. In finance, an asset that tends to do well while the economy as a whole is doing poorly is referred to as countercyclical, and could be for example a business or a financial instrument whose value is ...
A seasonal communities coordinating council of six people, including one person from the Cape or Islands, would be formed to examine the specific challenges for tourism destinations and what kind ...
The misery index is an economic indicator, created by economist Arthur Okun.The index helps determine how the average citizen is doing economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate.
By Annalyn Censky. NEW YORK (CNNMoney) -- Should seasonal workers be allowed to collect unemployment checks in their downtime? A growing number of states are saying no.