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be eligible for PEUC if The balance of your current Reemployment Assistance claim is expired or exhausted and you are still unemployed For general information about Reemployment Assistance visit. . . Jarmo Hanninen, . Coop . Finland . NORDIC COOPERATIVE NETWORK CONFERENCE . OPEN SEMINAR: THE NORDIC CO-OPERATIVE MODEL . Reykjavík, Iceland – March 21, 2014. Thin. tradition of . worker. -. Carl Shapiro and Joseph . Stiglitz. Conventional paradigm. All workers receive the market wage and there is no unemployment.. Existence of involuntary unemployment. Wages fall to clear market?. Workers have an incentive to shirk.. Measuring the Challenge. David Bell. Division of Economics. Stirling Management School. University of Stirling. David . Blanchflower. Department of Economics. Dartmouth College. A Deep-Rooted Problem. Anders Forslund. IFAU and Uppsala University. Seminar 2014-10-16, Fighting Youth Unemployment:. Lessons from the Netherlands and Sweden. 1. Introduction. Youth. . unemployment. a . serious. . challenge. Swings in the. Economic Pendulum . Instability in the . Growth . of Real . GDP: 1960-2013. Although real GDP in the . United States has . grown at an average rate of approximately 3%, the growth has been characterized by economic ups-and-downs. . By: Ben . Quick. SSEMA1a,b. The unemployment rate shows the percentage of unemployed people divided by the total number of people in the civilian labor force . The unemployment rate understates the unemployment rate because it does not include “discouraged” workers or people who are working part time because they cannot find full-time work. Swings in the. Economic Pendulum . Instability in the . Growth . of Real . GDP: 1960-2015. Although real GDP in the . United States has . grown at an average rate of approximately 3%, the growth has been characterized by economic ups-and-downs. 2. IS-MP. Y. Potential output = AF(K,L). Y. pot. u. Three key macro laws for the labor market. Okun’s Law: . unemployment moves inversely with Y (earlier in course). Beveridge Curve: . Unemployment moves inversely with vacancy rate (today). Economics. Unemployment. Economist’s definition:. Those of working age, who are without work, but who are available for work at current wage rates.. Two . measures . of unemployment.. Claimant . count. . . Jarmo Hanninen, . Coop . Finland . NORDIC COOPERATIVE NETWORK CONFERENCE . OPEN SEMINAR: THE NORDIC CO-OPERATIVE MODEL . Reykjavík, Iceland – March 21, 2014. Thin. tradition of . worker. -. Aims and Objectives. Aim: . To understand employment policy. Objectives:. Define different types of unemployment. Analyse the inflation/unemployment trade off. Evaluate demand and supply side unemployment policies. Employer paid tax (contributions). Calculated as a percentage of covered wages for each employee. Cannot be withheld from employee’s wages. State unemployment could have employee contributions. What is FUTA?. Important Clarifications. Unemployed Defined (U):. Persons in the . labor force. who made an effort to look for work within the last month. . Who is NOT included in the labor force. ? . . (click here for a video link). Employer paid tax (contributions). Calculated as a percentage of covered wages for each employee. Cannot be withheld from employee’s wages. State unemployment could have employee contributions. What is FUTA?.