People working 'under the table' and people who falsely report that they are actively searching for a job.
The unemployment rate may understate joblessness because it only reflects those actively seeking work and does not account for discouraged workers who have stopped looking. It may also overstate joblessness if people are working part-time but seeking full-time employment, or if individuals are misclassified as unemployed when they are out of the labor force.
it 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
EU unemployment is 22% higher than US unemployment. This is calculated by taking the difference between the two percentages (10.4% - 8.5% = 1.9%), and then dividing that by the US unemployment rate (1.9% / 8.5% = 0.22, or 22%).
The true unemployment rate refers to the actual number or percentage of people who are actively looking for work but are unable to find employment. It may differ from official statistics if certain groups like discouraged workers or underemployed individuals are not included in the official calculations.
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.
It is estimated that about 1% of the global population is homeless. However, the actual percentage varies by region and country.
As of 2021, the estimated population of Tucson, Arizona is around 550,000 people.
Because of the difficulty in measuring quality improvements.
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.
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)
Macroeconomic cost of unemployment
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.
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
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.
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)
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.
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.
Right now the Greek people dont have Any jobs (actual unemployment of young (under 30) people : over 40%).
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.