0
It generally indicates whether an economy is picking up or slowing down.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Which of the economic indicators is most likely to be high during a recession?
Unemployment rate
What was the unemployment rate in 1969?
The unemployment rate in June of 1969 was 10.2 percent under president nixon...
Define the natural rate of employment?
The natural rate of unemployment is the rate which occurs when inflation is correctly anticipated. This level of unemployment occurs when the labour market is in equilibrium.
What is the unemployment rate a subject of?
microeconomic
How are the inflation and unemployment related in short run?
In the short run, there is a negative correlation between the changes in wages (normally growth rate) and the rate of unemployment. Changes in wages imply changes of inflation. This relationship is known as Phillips' Curve, in honour of William Phillips, who discovered it in 1958.Thus, the bigger the rate of inflation, the lower the unemployment. This appealing consequence made politicians think that they could get the level of employment they want just by creating more inflation.Eventually this was not true, and studies after these years showed that this correlation fell apart, and there were combinations of high unemployment and inflation.Why was that? The answer is expectations. If individuals know that governments (or central banks) will follow a weak monetary policy (increasing the circulation of money in the economy and therefore generating inflation) they will expect the rate of inflation to be high. Trade unions will endeavour to get rises in wages, and this will impede companies to hire more workers. Thus if the monetary authority increase inflation now, it would not get reduction of unemployment.
What does a low rate of unemployment indicate?
24. A high unemployment rate indicates low economic growth. security. freedom. efficiency.
Is the natural rate of unemployment constant over time within a country?
No, the natural rate of unemployment changes.
What is the Unemployment rate now?
What is the national unemployment rate
What was the unemployment rate in the US for August?
The Official Unemployment rate (U-3) in US for August 2011 was 9.1.Below are the other unemployment rates in US for August 2011 :U-1 Unemployment rate : 5.4U-2 Unemployment rate : 5.3U-3 Unemployment rate : 9.1U-4 Unemployment rate : 9.7U-5 Unemployment rate : 10.6U-6 Unemployment rate : 16.2
What is the natural rate of unemployment equal to?
The natural rate of unemployment, also known as the non-accelerating inflation rate of unemployment (NAIRU), is the rate of unemployment at which inflation remains stable over time. It is determined by structural factors in the economy, such as demographics, labor market institutions, and technology. It is not a fixed number and can vary over time.
What chart would you use to show the changes in the unemployment rate in the US during 2000-1008?
Line Chart
What is the unemployment rate in Italy?
The estimated unemployment rate is 8.4% in Italy
What is the current rate of unemployment in Fiji?
As of 2021, the unemployment rate in Fiji is around 20%.
What was the unemployment rate in India in 1991?
The unemployment rate in India in 1991 was approximately 3.4%.
What is unemployement rate of Pakistan?
The Unemployment rate of Pakistan is 15.4%.
What is Italy's unemployment rate?
The estimated unemployment rate for Italy is 6.8% (2008).
What is Florida's unemployment rate?
Florida's unemployment rate hits 10.2 percent
