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Why does the government undercount the real unemployment rate?
Wiki User
∙ 12y ago
Probably because, in the US for instance) with over 300 million people and people moving in and out of employment, its hard to keep accurate records. The only really known figures are those drawing unemployment benefits. The rest can only be guessed and government statisticians would rather be accurate than have guesstimates.
Wiki User
∙ 12y ago
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What is a true unemployment rate?
I assume you are referring to the fact that the unemployment rate reported by the government is the amount of people who are looking for jobs but unable to find them and suggesting that the "real" unemployment rate is how many people actually are not working. There are actually a few different measures for this, which are displayed neatly in a few graphs on the link I'm attaching. No one can say what the "real" unemployment rate is, mainly because of the way the unemployment rate is really calculated. The unemployment rate is the percentage of the American people who are drawing unemployment insurance. It doesn't include people whose unemployment insurance has run out, people who have removed themselves voluntarily from the employment pool (stay at home mothers, people living on trust funds, etc.) and people who haven't ever been employed. A rough estimate is to take the "unemployment rate" and double it.
What is the unemployment rate of Tonga?
10.7% (2006) I don't know where this 10% came from. If it came from the Niue Statistics department then it probably measures the amount of working age people that don't work for the government in which case it is an abomination. There is no real unemployment in Niue. Subsistence agriculture and fishing are gainfully undertaken by a very small percentage of those not employed by the government or private sector. In a population of 1200 there wouldn't be 1% who don't partake in any of these forms of employment.
How does life expectancy affect death rate?
Life expectancy is theoretical and death rate is a real measurement. life expectancy can be used to predict the death rate if you know the average age of a population.Although the previous answer above is true, it does not answer the question. Life expectancy affects death rate as if the life expectancy is high, like it is in many High Income Countries (HIC's), the death rate is higher, because aging populations will inevitably have rising death rates as older people are more likely to die, than younger people.//Saying this, if the life expectancy is low, then often the death rate is high (like in many LIC's) as this is a result of poor medical care (or access), lack of clean drinking water and poor sanitation.\\
How do you find crime statistics for Annapolis Maryland?
There are multiple sources of these statistics. Usually the city web pages will have some information on this, or you can usually link to the information at the police web page from the city page. There are Federal databases for this information but may not be based on very recent statistical data. Real estate web sites will often provide the statistics. For some of these and other sources of that data, see links section below.Violent Crime RateData comes from the FBI Uniform Crime Rate database for 2004.Annapolis, Maryland has a violent crime rate of 1197 incidents per 100,000 people. This compares with a rate of 1502 in Maryland and a rate of 596 nationally. Lower numbers are better, indicating that fewer crimes happen per person in the population.
What is real culture?
Real Culture: Actual behavior patterns of members of a group.
What is a true unemployment rate?
I assume you are referring to the fact that the unemployment rate reported by the government is the amount of people who are looking for jobs but unable to find them and suggesting that the "real" unemployment rate is how many people actually are not working. There are actually a few different measures for this, which are displayed neatly in a few graphs on the link I'm attaching. No one can say what the "real" unemployment rate is, mainly because of the way the unemployment rate is really calculated. The unemployment rate is the percentage of the American people who are drawing unemployment insurance. It doesn't include people whose unemployment insurance has run out, people who have removed themselves voluntarily from the employment pool (stay at home mothers, people living on trust funds, etc.) and people who haven't ever been employed. A rough estimate is to take the "unemployment rate" and double it.
What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate of unemployment?
Assume certeris paribus, an expansionary gap is where real GDP is above the full employment, and a contractionary gap is where real GDP is below the full employment.
Can Real GDP rise at the same time the unemployment rate rises?
as long as a different sector of the economy contributes to GDP by more than was lost from unemployment, real GDP will rise, if only marginally.
How does real GDP affect unemployment rate?
Real GDP is a measure of the economic output of a country. The absolute measure only tells you what that output was for a particular period. The more important measure for employment is the difference between real GDP and a theoretical real GDP which economists use to calculate the maximum output of an economy. When the gap between real GDP and maximum output GDP is large, the unemployment rate will be large and vice versa.
Why does disequilibrium unemployment exist?
Disequilibrium unemployment, also known as real wage unemployment or classical unemployment exists primarily for 2 reasons: 1) trade unions or labor organizations bargain for higher wages, or 2) government mandates some minimum wages.
What data type is unemployment rates?
Unemployment rates are typically expressed as a percentage of the total workforce. Thus the unemployment rate for any given locale is a real number (float, double or long double) in the closed range 0.0 through 100.0.
When was the last time the unemployment rate was under 6 percent?
hmm.. that's a good question!! In Greece I don't think that unemployment rate was ever that low... There were always young people who after taking their degrees/diplomas they would leave the country to get some real job..
What is the real unemployment rate?
•This includes the people who are unemployed, underemployed, and people who aren't working and looking for a job, but aren't dedicated or in desperate need of one
Real GDP is rising at a 5% rate, unemployment is at 6% and falling, and inflation is rising at about 2% per year. Where in the business cycle is the economy?
expansion
What are the four main economic variables?
The four main economic variables (in macroeconomics) are 1. Real Gross Domestic Product (GDP) 2. The unemployment rate 3. The inflation rate 4. The interest rate -------- 5. Level of the stock market 6. Exchange rate
What is the unemployment rate of Tonga?
10.7% (2006) I don't know where this 10% came from. If it came from the Niue Statistics department then it probably measures the amount of working age people that don't work for the government in which case it is an abomination. There is no real unemployment in Niue. Subsistence agriculture and fishing are gainfully undertaken by a very small percentage of those not employed by the government or private sector. In a population of 1200 there wouldn't be 1% who don't partake in any of these forms of employment.
When real GDP declines during a recession what typically happens to consumption investment and the unemployment rate?
Unemployment rate rises as output falls so fewer workers are needed. Cosumption falls as people become poorer due to unemployment so they cannot spend but save so this leads to a fall in investment as firms dont make as much profit due to less people spending.
