PPT-Unemployment and Potential

labour force Measurement amp dissemination issues Wachyu Winarsih MSi Head of Sub Directorate of Labor Force Statistics Directorate of Population and Labor Force Statistics. GDP has collapsed together with employment levels in the construction and retail sector Ireland has one of the highest levels of unemployment in the EU and one of the worst ratios of jobseekers to vacanc ies It is all reminiscent of the crisis of What are the . 4 types . of unemployment?. How are unemployment rates determined?. What is full . employment a. . underemployment?. . What. is a . discouraged worker?. "It's a recession when . your neighbor . World’s Fiercest Enemy. Unemployment. Unemployment is the . the. . state. . of. . being out of work, . especially. . involuntarily. The Unemployment rate is determined by dividing all the unemployed by the people currently in the labor force. under-employment . from becoming structural. . G20 Task Force on Employment. Paris, 10-11 April 2014. Stefano Scarpetta,. Director. of . Employment, Labour and Social Affairs. OECD. Key challenges. Unemployment. occurs when a person is available to work and currently seeking work, but the person is without work.. How. to . define. u. nemployment. In USA . unemployment . is measured by the Bureau of Labor Statistics (BLS. 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. Outline. The labor force. The labor force participation rate. The unemployment rate. Sources of unemployment. The 16 and older non-institutionalized population that holds a paying job or is . actively seeking wo. Okun’s. Law. AP Macro. Economics 2301. © Robin Foster. Jobs and Unemployment. Total population of the USA.. Working Age population . is the total number of people aged 16 and older who are not in jail, hospital, institutionalized or in the military.. 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. 20. Previously. Gross Domestic Product (GDP). The market value of all final goods and services produced in a specific period of time. . To find real GDP, we must adjust nominal GDP for inflation. Business cycle. 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?. Orange Group. This is chapter . 35. !!. The natural rate of unemployment depends on various features of the labor market.. Examples include minimum-wage laws, the market power of unions, the role of efficiency wages, and the effectiveness of job search.. Learning objective . – to examine how the New Deal tackled the problems in unemployment and industry.. I can . describe . some of the Alphabet Agencies designed to tackle unemployment, and industrial relations..