Unemployment rate, according to the OECD, is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.
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16 Facts About Unemployment rate
2.
An alternative technical term for that rate is the NAIRU, the Non-Accelerating Inflation Rate of Unemployment.
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3.
Whatever its name, demand theory holds that if the unemployment rate gets "too low, " inflation will accelerate in the absence of wage and price controls.
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4.
Unemployment rate theorized that unemployment was inevitable and even a necessary part of the capitalist system, with recovery and regrowth part of the process.
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5.
The unemployment rate is expressed as a percentage and calculated as follows:.
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6.
In many countries like in Germany, the unemployment rate is based on the number of people who are registered as unemployed.
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7.
Unemployment rate is included in a number of major economic indices including the US Conference Board's Index of Leading Indicators a macroeconomic measure of the state of the economy.
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8.
Similarly, during a recession, the increase in the unemployment rate is moderated by people leaving the labour force or being otherwise discounted from the labour force, such as with the self-employed.
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9.
In particular, the National Bureau of Economic Research does not use the unemployment rate but prefers various employment rates to date recessions.
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10.
Labor force participation Unemployment rate is the ratio between the labor force and the overall size of their cohort.
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11.
The labor force participation Unemployment rate is a key component in long-term economic growth, almost as important as productivity.
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12.
Labor force participation rate explains how an increase in the unemployment rate can occur simultaneously with an increase in employment.
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13.
Unemployment rate has been linked to extremely adverse effects on men's mental health.
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14.
Unemployment rate is argued to be "beneficial" to the people who are not unemployed in the sense that it averts inflation, which itself has damaging effects, by providing a reserve army of labour, which keeps wages in check.
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15.
Unemployment rate began to increase, and by the end of 1992, nearly 3, 000, 000 in the United Kingdom were unemployed, a number that was lowered by a strong economic recovery.
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16.
Unemployment rate has risen in two thirds of European countries since 2010.
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