Natural rate of unemployment

Assignment Help Macroeconomics
Reference no: EM1373825

In August 2002, preliminary information showed that payroll employment increase 39,000, household employment increase 429,000, and the unemployment rate fell from 5.9 percent to 5.7 percent.
A. Based on these data, what conclusion would you reach about the current employment situation?

B. How would your answer change if you also noted that (a) the unemployment rate for men 20 years and over was unchanged, and (b) the number of initial unemployment claims rose from 386,000 to 398,000.

C. How would your answer change if you also noted that the biggest declines in the unemployment rate occurred in (a) teenagers, and (b) experienced wage and salary workers?

D. Based on this welter of confusing information - which is not unusual - what conclusions can be drawn about basing business plans on the latest monthly employment and unemployment data?

 

Reference no: EM1373825

Questions Cloud

Compute the natural rate of unemployment : Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Compute the natural rate of unemployment : Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Stock market price quotations : Suppose the economy is in the midst of a severe recession. Determine which of the following policies would be consistent with active fiscal policy?
Compute labor force participation rate : The Bureau of Labor Statistics reported that in January 2000 total labor force was 140,910,000 of a possible 208,782,000 working age adults.
Natural rate of unemployment : In August 2002, preliminary information showed that payroll employment increase 39,000, household employment increase 429,000, and the unemployment rate fell from 5.9 percent to 5.7 percent.
Describe an organization staffing practices : Explain an organization's staffing practices and selection tools in response to two of following trends:
Expected effects on labor force participation : Think a nation with no income maintenance program that enacts an Earned Income Tax Credit similar to United States.
Substitution effect change firm employment and capital stock : Suppose a company where production depends on two inputs: labor and capital, with prices w and r, respectively. Initially, the company faces market values of w=6 and r=4.
Detectable impact on employment : Currently, the island of Guam does not have a minimum wage need but uses the United States minimum wage as a reference. Give a theoretical justification for why imposition of a $5.15 minimum wage.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate expected value and standard deviation

The XYZ Corporation has estimated the expected cash flows for 1996 to be as follows, Calculate Expected value, Standard deviation, Coefficient of variation

  Can investment tax credits decrease employment

Many states give companies with an investment tax credit that effectively decrease the value of capital. In theory these credits are designed to stimulate new investment and thus create jobs.

  Question about marginal product

Suppose that in Canada the opportunity cost of producing two television sets is three bushels of wheat. Suppose that in the United States the opportunity cost of producing 2 bushels of wheat is 3 television sets.

  Main differences between microeconomics and macroeconomics

Suppose you are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences.

  Compute producer surplus surplus and profit in this case

Compute producer surplus, how much is the difference between the producer surplus and profit in this case

  Escribe the effect of such clauses on both the government

Describe the effect of such clauses on both the government, and other customers, noting, inter alia, the effect on the selling firmâ.

  Draw a graph depicting the value of the year

B and R, a reputable East Coast Bank, has developed a portfolio of assets that is selling quite well on the market. This particular portfolio is a series of call options.

  Ministry of finance also keiretsu are there other problem

As per the Ministry of Finance also the keiretsu are there other problems.

  Filling blanks from utility theory

The entire satisfaction consumer gets from consuming a good or service is________ utility, but the extra or additional satisfaction that a consumer gets from a good or service is ________ utility.

  As a production manager who understands the academic

As a production manager who understands the academic argument for free trade working in an company threatened by cheaper imports, how do you react.

  Explain how might knowing this affect

Explain how might knowing this affect you as the manager of a large firm.

  What would it make a difference if the controller

Should the controller's argument be accepted if she does not really know much about copier technology. What would it make a difference if the controller were knowledgeable about the pace of change in copier technology.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd