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When the economy is working properly what is the unemployment rate?
Wiki User
∙ 13y ago
4-6 %
Wiki User
∙ 13y ago
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What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
How does a low unemployment rate affect a nation's economy?
The nation has a higher number of productive resources when the unemployment rate is low.
Does an economy with full employment have any type of unemployment rate?
no
What do you mean by high unemployment rate?
many not working
One of the major goals of stabilizing the economy is to?
One of the major goals in keeping the economy stable is to keep a low unemployment rate. Keeping the unemployment rate down is difficult due to lack of jobs.
Is cyclical unemployment and the natural rate of employment the same?
Natural Rate of Unemployment -The natural rate of unemployment is unemployment that does not go away on its own even in the long run. -It is the amount of unemployment that the economy normally experiences.Cyclical Unemployment -Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate. -It is associated with with short-term ups and downs of the business cycle.
How does an unemployment rate help you determine if an economy is strong or weak?
oh my gash
Lagging indicator?
doesn't change direction until a few quarters after the economy does (unemployment rate)
Why is unemployment rate important?
The unemployment rate can be a good indication of the economy's state. High employment rates show a lack in the growth of the economy and vice versa. Also, high levels of unemployment result in a decrease in general consumption (people have less money to spend as they are searching for jobs) and this will contribute to slow business growth.
What is the Unemployment rate now?
What is the national unemployment rate
What do changes in the unemployment rate indicate?
It generally indicates whether an economy is picking up or slowing down.
How does the unemployment rate behave over the course of a business cycle in south Africa?
The unemployment rate in South Africa fluctuates as it does in every country around the world. There is no correlation with the fluctuations with the unemployment rate and the South African business cycle.
