These are from December 2005
http://www.bls.gov/news.release/pdf/laus...
Lowest unemployment rate in united states?mortgage rate
Alaska has the highest state unemployment at 7.3 percent. The actual number of professionals out of work is not tracked by the Labor Department.
1.aggregate demand can never create enough job vacancies.
2.there will always be discouraged workers.
3.some portion of the labor force will always be between jobs.
4.there are some people who do not want to work.
An unemployment rate of zero cannot be expected since?car financing
Let%26#039;s see.
1. It is possible to have a shortage of workers when a population is small i.e. Germany after WWII, so nope.
2. Discouraged workers are not counted in the unemployment rate since they are not looking for a job and given up, so nope.
3. This is true. It is called frictional unemployment because the people are usually looking for better jobs.
4. That true but these people are not counted in the unemployment rate since they don%26#039;t want work.
So #3
An unemployment rate of zero cannot be expected since?
loan
5. liberals, through tax and spend incentives will eliminate profit and lifestyle improvement as a reason to go to work and people will therefore attempt to question self reliance and movtivational issues to work. oh sorry i guess that goes under discouraged....never mind.|||2 and 3|||if a countrys goverment keep giveing people more money than thay need while unemployed then why not be a layabout,u might not be able to go on exotic holidays,wine and dine every night,and send your kids to private schools,save the tokens from national news papers to go on holidays,go to a supermarket and buy as much wine,beer,and spirits as u can carry for a fraction of the price of going out and the goverment takes care of the schooling.who are the ones that pay,the poor unemployed,or the hard working tax payers.|||I was very surprised several years ago when I read that in the old USSR they had no un-employment, so I researched it a little further.
It seems kids were encouraged to get good grades in school and as they got older advanced to higher levels of learning. The smartest %26amp; brightest became doctors, scientists, engineers, etc.
The other kids advanced as far as they could, and were trained to do work not quite as complex as the above 3 job titles.
The lower percentage of kids were trained to do the jobs that required the least amount of mental stimulation.....end result everybody had a life long job.......As far as cross training, it wasn%26#039;t covered in the article.
Apparently, healthy people that absolutely refused to work, were convicted of that %26#039;Crime%26#039; %26amp; sent to work prisons.
Communism offers no free choices!|||2 and 4 are incorrect because discouraged and unwilling workers are not trying to find jobs - and they are thus not counted as %26#039;unemployed.%26#039;
1 is incorrect because there are indeed many jobs with regional and national shortages of workers (e.g. nursing).
3 is my choice because companies will always be closing, new workers entgering from college, and until a person seeking a job is placed that person is counted as %26#039;unemployed.%26#039;|||Are you looking for only 1 answer... They%26#039;re all legitimate answers but 3%26amp;4 is what I%26#039;ve been taught specifically, with more emphasis on 3(I would choose 3 in a multiple choice).|||3|||As unemployment tends to zero, inflation should tend to infinity.|||The correct answer is 3, but it is not the complete answer to the question.
3. describes what is called frictional unemployment, which is one of the two forms of unemployment that are factored into the %26quot;natural rate of unemployment.%26quot; Frictional unemployment is pretty much what #3 says: it%26#039;s the unemployment that results from people quitting their jobs or getting fired, and are currently in between jobs, but only temporarily.
The other form is called structural unemployment. Contrary to what other answerers have said, structural unemployment deals with companies and industries closing down, resulting in layoffs of the workers who were employed by the closing companies. The unemployed from structural unemployment are also assumed to be only temporarily unemployed, which is why those who are structurally unemployed are factored into the natural unemployment rate.|||it can be expected if enough people started business and hired the the excess slack.|||As others have pointed out, #1, #2, and #4 are not the main factors.
I would add that #2 doesn%26#039;t make sense because workers only become %26quot;discouraged workers%26quot; if they can%26#039;t find a job. If there were no unemployment in the first place, there would be no discouraged workers.
Multiple people have said that the answer is #3 (frictional unemployment), but that%26#039;s not the main factor, either. If you believe in the dogma of free-market theory, frictional unemployment can%26#039;t exist. Supply and demand for labor (as for anything else) are supposed to magically balance out at the optimal point instantly.
Even if we ignore free-market dogma, %26quot;frictional unemployment%26quot; is still an unsatisfying explanation. If you want a new job, you can look for it while you continue working at your current job. Very few people choose to be %26quot;between jobs%26quot;. And if it takes you 6 months to find a new job, that%26#039;s unemployment. Calling it %26quot;frictional%26quot; doesn%26#039;t mean it%26#039;s not unemployment.
The truth is that the term %26quot;frictional unemployment%26quot; is a convenient way for economists, politicians, and businesspeople to make high unemployment sound as though it%26#039;s not a flaw in the economic system.
ONE of the major factors in unemployment (although not the only one) is that the Federal Reserve Board deliberately keeps the unemployment rate high to hold down wages. (The Fed refers to this as %26quot;holding down inflation%26quot;, but the only component of inflation that the Fed worries about much is wages of typical workers. The Fed worries only a little about resource prices, and not at all about the inflation caused by skyrocketing pay of upper management.)
Once again, the Fed had to come up with a term (like %26quot;frictional unemployment%26quot;) that would be politically acceptable, so the Fed uses the term %26quot;Non-Inflationary Unemployment Rate%26quot;. In the mid 1990s, Alan Greenspan said this was 6%. In other words, it was deliberate government policy to keep the unemployment rate at 6% to hold down wages. Similar statements from other Fed leaders date back at least as far as 1980. (%26quot;A lot of observers, including my staff, think that the non-inflationary full employment rate is somewhat higher than 5.1 percent and may be closer to 6 percent.%26quot;) Although the Fed is supposed to watch both unemployment and inflation (%26quot;The Federal Reserve operates under the Federal Reserve Act, which requires the Fed to try to achieve maximum employment along with price stability.%26quot; http://www.federalreserve.gov/boarddocs/... the Fed%26#039;s top priority is fighting inflation. In fact, the current chairman of the Fed (Bernanke) explicitly said the U.S. should make it a higher priority to fight inflation than to fight unemployment. (Ibid)
It%26#039;s not clear what would happen if the fed actually tried to reduce unemployment. I%26#039;m not naive enough to think it would go to zero. But it is unlikely to go to zero as long as the Fed%26#039;s top priority is to keep unemployment at 4-6% to hold down wages.
So why is it some countries can have a minimum wage that means something and America can not .
Australias unemployment rate is 4.2% and the minimum wage is equal to $ 11.00 us dollars an hour .?credit rating
Actually the low unemployment means that the minimum wage DOESN%26#039;T %26quot;mean something%26quot; economically.
Minimum wage is a price floor. It means employers cannot pay below a certain wage. That doesn%26#039;t mean that if you%26#039;re making $5.50/hour and the government makes the minimum wage $11/hour your wage will be doubled, for the same reason that if there were a government-set minimum price one person could pay for a meal and it were set at $40, few people would ever eat at McDonald%26#039;s.
France and Germany also have much higher minimum wage laws, and if you include mandatory benefits the minimum compensation is strikingly higher than in the US - - and there is typically 2 to 2.5 times our rate of unemployment.
In Australia as in the US the minimum wage has exceptions for certain trades, including agricultural workers. The growth in the Australian economy and in Australian employment in the last few years has been in agriculture and mining, primarily for export to Asia. Many agricultural workers don%26#039;t GET the minimum, and the profit made by the mines as a result of the rising prices for the metals being mined puts a huge premium on producing as much as possible - thus the real wages have climbed above that $11 minimum - - the minimum could be $5/hour, miners would still be paid what they are paid today.
Minimum wage doesn%26#039;t determine what your wage is. The market determines your wage. Minimum wage simply determines whether, given your wage, you have a job at all.
Australias unemployment rate is 4.2% and the minimum wage is equal to $ 11.00 us dollars an hour .?
loan
because Australia does not run solely on big business and the bottom dollar. everything America does is for money. companies dont want to pay their workers more money because that would mean less profit for them. america loves to separate the rich from the poor, do they dont to raise minimum wage to put the poor closer to the average american. and its not just australia either. every developed country makes more than america, including canada, france, and britain. its a shame. the most powerful nation in the world cant pay their citizens enough for a decent living.
Grandholm strikes again..i usally vote democrat,but not this year.
finding a job here is so bad,,im just wondering will it get better or worse...any opinion%26#039;s out there on the subject???
Michigan unemployment rate?rate my teacher
I don%26#039;t think DeVos would have done any better. There is not much government can do to invigorate economic growth when so many industries are failing to turn a profit.
Anything can happen while the unemployement rate is low. The exchange rate is base on the value of the dollar. Dollar has been going down for a while and gold has gone up. Soon it will be the other way around. The market peaks about every 10 years.
Can an exchange rate crisis occur if the unemployment rate is too low?construction loans
This is possible, perhaps if the central bank is trying to exploit the %26quot;Phillips Curve%26quot; by running inflation high to keep unemployment low. This is likely to cause the exchange rate to depreciate in both the short and the long run. Unemployment might fall in the short run, but would return to normal (or rise) in the long run if the central bank persists in causing inflation. Hyperinflation could result.
Yes. The unemployment rate is the percentage of the population applying for unemployement benefits, not the percentage who are unemployed. The employment ratio is the number of people with jobs divided by all those without, which include not just the unemployed, but also those who are retired or on disability. Two scenarios that might lead to this situation:
1) New jobs were created, but a large number of retirees re-entered the labor force, leading to widespread layoffs among other workers.
2) New jobs were created, but a change in the rules for unemployment benefits allowed many people who had not been eligible before to apply.
are any of these under the table illegals signed up for un-employment? Or....is it like we have always said......they aren%26#039;t counted......like most of these jobs illegals do....they don%26#039;t count when it comes to un-employment. Which is why we never have a TRUE count of how many people who are un-employed.
Our unemployment rate has increased....they say our carpenters and all home building are all but all stopped..yes loans
The Unemployment rate is based on those currently receiving unemployment services such as a check or job services, not those whose benefits have expired or the long term unemployed. You are correct, the number is higher than is reported, quite possible by a significant amount.
http://www.epinet.org/content.cfm/webfea...
I do not blame illegals for our current economy but they should not be here and taking jobs or lowering wages in this country period. I don%26#039;t care how many people scream they are doing jobs that we won%26#039;t do, its simply not the truth if you do not believe this is true look up the labor bureau statistics on every single occupation in the United States and you will see that the majority of ALL jobs are performed by none other than citizens and legal immigrants, even field hands.
Our unemployment rate has increased....they say our carpenters and all home building are all but all stopped..
loan
They base their stats on new filings which also is designed to give us a false impression.|||YOUR EXACTLY RIGHT, SO NOW WHAT!!!!!|||WRONG.................
blame it on the Mexicans.
Its the economy peanuthead.
Its people like you that have kept George W Bush in the white house for so long , he has ruined our country.
People cant afford to buy gas.
Blame it on a mexican.
please......|||But of course there no more houses being built. Americans are no longer earning enough money to BUY houses so they stop buying.
And they cant earn enough money because either one of two things has happened.
1 - the jobs have been given to the illegals because they can do the job cheaper.
2 - the job has been moved offshore to a cheaper country.
It has nothing to do with the unemployment rate. You need to understand WHY there are no jobs - which I have explained.
