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How might the unemployment rate understate or overstate the actual amount of joblessness?
Wiki User
∙ 13y ago
People working 'under the table' and people who falsely report that they are actively searching for a job.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoit understates because it doesn't take into account those who have been out of a job for six months because it assumes they are not searching for one
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What's the percentage between US ans EU unemployment. The US unemployment is 8.5 percent the EU27 10.4 percent .Is EU unemployment 22 percent higher than the US or 1.9 percent?
Actually, the US only considers those who are currently unemployed and recieving unemployment benefits. The EU considers anyone of working age and healthy enough to work. Thus the actual unemployment rate in the US is more likely to be around 23% Statistics on most everything are typically skewed. Best to do research before getting nit picky on numbers!
How many Americans are unemployed?
According to the Federal Government (in the Related Link below) as of February 2010 there were 14.9 million unemployed, or 9.7% of the available work force. This figure is understated by the number not seeking unemployment benefits, who have given up looking for jobs, newly entered in the work force (i.e. graduated students, etc.), the retired, etc.
What is absolute population density?
the actual number of people in a area.
What is real culture?
Real Culture: Actual behavior patterns of members of a group.
What is the actual population of Tucson Arizona?
The US Census recorded 520,116 residents in 2010.
Why do CPI and chain index for GDP overstate actual change in cost of living?
Because of the difficulty in measuring quality improvements.
Is the coefficient of variation a better measure of risk than the standard deviation if the expected returns of the securities being compared differ significantly?
The Standard deviation is an absolute measure of risk while the coefficent of variation is a relative measure. The coefficent is more useful when using it in terms of more than one investment. The reason being that they have different returns on average which means the standard deviation may understate the actual risk or overstate depending.
What is the unemployment rate of Syria?
9.2% (2009) That is the number the government would like you to believe. The actual unemployment rate in Syria is estimated between 25%-30% (2011)
The amount by which potential GDP exceeds actual GDP is one measure of the?
Macroeconomic cost of unemployment
What is the current unemployment rate of India?
The current unemployment rate in India is around 8% as per CMIE. However, the ground reality is that the actual unemployment may be much more than what is shown in the report.
How do you calculate the cyclical unemployment rate?
Cyclical unemployment rate = Actual rate - Natural rate of unemployment. if you don't have the Natural rate, then you might have Frictional & structural rate, which can be added together to get the natural one N= F+S
How do you calculate potential GDP?
Suppose that natural rate of unemployment is 5%, and the actual rate of unemployment is 8.3% per current year. Determine the potential GDP, if: • Okun's coefficient -- 3, • actual GDP -- 1480 units.
What is a good excuse for being unemployed?
The truth is always the best policy. Explain the actual reason for your unemployment and you might be surprised with the outcome. Lying about the reason may expose you to unemployment fraud (a felony in most states)
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.
What is potential output in macroeconomics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
What jobs do Greek and English people both have?
Right now the Greek people dont have Any jobs (actual unemployment of young (under 30) people : over 40%).
Can you work 1 day in another state and collect that states unemployment rate?
Not really. The actual answer is yes, but your unemployment benefits are based on how much income you had over the most recent either 2 or 3 years (from what I recall), so if you work one day, you will not have had enough income to receive any benefits.
