total unemployment

What Does Spells Of Unemployment Mean?

by

What Does Spells Of Unemployment Mean? Unemployment spells, defined as an uninterrupted period of months in which an individual was unemployed, associated with frictional unemployment tend to be short, whereas those associated with structural unemployment can be quite long. How are unemployment numbers calculated? Unemployment Rate: the number of unemployed divided by the labor force,

What Happens When Cyclical Unemployment Is Zero?

by

What Happens When Cyclical Unemployment Is Zero? Full employment does not mean zero unemployment, it means cyclical unemployment rate is zero. At this rate, job seekers are equal to job openings. This is also called the natural rate of unemployment (Un) where real GDP is at its potential GDP. What would happen if the unemployment