UnemploymentInsuranceRate of UnemploymentCompetitivenessEfficiencyContrary to the conventional view that unemployment insurance serves to directly increase the rate of unemployment as well as reducing an economy's competitivenSocial Science Electronic Publishing...
Why is it that a recession may be good? Explain why an economy cannot achieve low unemployment rates, low inflation and economic growth at the same time. Is inflation a major economic concern for policymakers at the present time? Explain why or why not. Why do governments sometimes pay...
Another possible consequence of inflation is recession – this economic term describes a situation where a country’s production starts going down, people’s incomes go down and unemployment goes up. 通货膨胀的另一个可能后果是经济衰退。这个经济术语描述的是一个国家的产出开始下降,人民收入下降,失业率...
Another possible consequence of inflation isrecession– this economic term describes a situation where a country’s production starts going down, people’s incomes go down and unemployment goes up. This all sounds like a very bleak economic outlook. So, what can be done?
Unemployment:Unemployment is a situation whereby people are unable to secure a job at ongoing wage rates. There are different types of unemployment which include seasonal unemployment, voluntary unemployment, cyclical unemployment, and involuntary unemployment. An economy that is not growing will fi...
The unemployment rate rose in June, but that may not be a bad thing. After hitting an 18-year low of 3.8% in May, the unemployment rate unexpectedly ticked up to 4% last month, as the economy added a surprisingly strong 213,000 jobs, according to the U.S. Labor Department. The unem...
In today’s economy, a college degree is a valuable asset, but it is no longer the sole determinant of career success. While certain fields offer clear pathways to success and high pay for those with a college degree, this isn’t the case for every job out there, especially since employ...
A normalized yield curve eventually is very good for banks, says Gabelli Funds' Macrae Sykes However, economists have been watching several negative trends. The so-called Sahm Rule, a fail-safe gauge that posits that recessions happen when the unemployment rate averaged acros...
really explain the slow growth in NGDP, another factor in the slow recovery. But they are right that if the labor force was still growing at the peak rates of the 1960s to 1990s period, then the recovery would have been better in RGDP terms (although not in terms of the unemployment ...
Cyclical Unemploymentis defined as occurring "when the unemployment rate moves in the opposite direction as the GDP growth rate. So when GDP growth is small (or negative) unemployment is high." When the economy goes into recession and workers are laid off, we havecyclical unemployment. Frictional...