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Tony Nicholson, the executive director of welfare agency the Brotherhood of St Laurence, said the rate of long-term unemployment among young people has been rising rapidly. "The transition from school to work in the modern economy is now riskier than it was two or three decades ago," he said. The poverty rate fell in many states between 2014 and 2015, according to this morning’s release of state poverty statistics from the American Community Survey (ACS). Romer, Christina. "Spurious Volatility in Historical Unemployment Data."

Pages: 144

Publisher: BiblioGov (December 31, 2010)

ISBN: 1240567847

Here’s an informal version: imagine a good or service subject to large economies of scale in production, sufficient that if it’s consumed in two countries, you want to produce it in only one, and export to the other, even if there are costs of shipping it. Other things equal, you would choose the larger market, so as to minimize total shipping costs read here. The regression output shows that government expenditures do not affect the unemployment rate because there may be a frictional unemployment which is cause by the aggregate demand in the economy. For example, Demand for most goods and services falls, less production is needed and consequently fewer workers are needed, wages do not fall to meet the equilibrium level, and mass unemployment results , cited: http://nantes-program.com/lib/report-on-unemployment-to-his-excellency-governor-hiram-w-johnson. Consequently, ice cream manufacturers and retailers employ fewer workers because they aren’t selling as many products. The unemployment created from this situation is called seasonal unemployment. Demand – The quantity of a good or service that people are willing and able to buy. Market – A market consists of buyers and sellers of a good or service , source: Unemployment Benefits:Should There Be a Compulsory Federal Standard? (Studies in economic policy). Does inflation always destroy purchasing power? If everybody had COLAs, would there be any need to worry about inflation? Connect the natural rate of unemployment to the Production Possibilities Frontier model ref.: http://busterson28th.com/books/unemployment-is-not-a-joke-spiritual-journey-version.
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