Natural rate of unemployment The natural rate of unemployment (sometimes called the structural unemployment rate) is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s‚ both recipients of the Nobel prize in economics. In both cases‚ the development of the concept is cited as a main motivation behind the prize.[1][2] It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level. This level
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Unemployment Rates in the United States According to the most recent report put out by the United States Department of Labor‚ in the month of February‚ 49 states saw a decrease in nonfarm employment while Louisiana was the only one where they had seen an increase in nonfarm employment. California had a decrease in jobs since January by 116‚000 with Florida in second with 49‚500 jobs lost. While Alaska seen the smallest decease in unemployment by just 100. And again Louisiana is the only state
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NEWS STRAITS TIMES Unemployment rate drops 2011/07/06 THE country’s unemployment rate currently stands at 3.1 per cent compared with the 3.4 per cent last year‚ the Dewan Negara heard yesterday. Deputy Human Resources Minister Datuk Maznah Mazlan said the government was fully harnessing its workforce to keep the unemployment rate at four per cent and below. This was because according to international standards‚ this was considered full employment. "According to the Statistics Department
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The US has recently reached the lowest unemployment rate： 4.5%. In this article‚ the author provided different aspects of US’s low unemployment rate and the result of such a low unemployment rate. Comparing to the unemployment rate (10%) after 2008’s recession‚ US is now reaching a relatively low unemployment rate. A low unemployment rate is one of the four macroeconomic objectives that economists always want their nations to achieve. Unemployment is simply defined as the state of being out of
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Econ 1023 (FR05B) Assignment One Due January 23‚ 2013 1. Classify each of the following items as included or not included in GDP. Give an explanation for those that you judge as not included. State when applicable‚ the expenditure category in which each good is included. a. The purchase of copy paper by PepsiCo‚ which is used by the company staff. Answer: This case is not included in GDP‚ because it is an intermediate goods. b. The purchase of an electronic handheld organizer
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accounts for the today’s difference in unemployment rates between France and US? France has one of the highest unemployment rates out of the industrialized nations. It has been at around 10% for the last two decades. Many French workers will go through unemployment at some point in their career‚ and it is an especially high probability for the low skilled workers and the young. There are many possible reasons for why France has a much higher unemployment rate than the US and different groups have
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Youth unemployment causes trouble to everyone. Some people don’t care about youth unemployment . However it is a major problem in Canada caused mainly by the lack of education that the youths are receiving and the lack of jobs that are available. High unemployment amongst youth is directly related to the lack of education‚ training‚ and skills. High school dropouts are four times more likely to be unemployed as those students that have completed four or more years of college. High school graduates
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Cambodia Officially known as the Kingdom of Cambodia‚ is a country located in the southern portion of the Indochina Peninsula in Southeast Asia. Phnom-Penh is both its capital city and its largest city. Their government is a constitutional monarchy operated as a parliamentary representative democracy. Meaning they have a form of government in which a monarch acts as head of state within the parameters of a constitution. Theravada Buddhism is the official religion of Cambodia‚ which is
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There are currently 17% of Caroline County households registered as having no one in the household employed (US Department of Commerce‚ 2015b). Caroline County’s unemployment rate is 7%‚ higher than the state average of 5%. The county’s median household income falls well below the state average‚ $58‚417 and $64‚792 respectively. Over 73% of the employed residents earn $79‚999 or less with the highest percentage of earned wages occurring within the $20‚000-$49‚000 range (US Department of Commerce
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An Overview of the An Banking Sector of Cambodia Charles Vann Executive Vice President Canadia Bank Plc. Content Content Introduction Introduction Economy of the World Economy Economy of Cambodia Economy Banking Sector of Cambodia Banking SWOT Analysis SWOT Recommendation Recommendation Conclusion Conclusion Introduction Introduction Cambodia is situated on the southwestern part of the Cambodia Indochina peninsula. It shares a 2‚615km border with: It Vietnam:
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