User:Nick Gardner/Unemployment/Tutorials: Difference between revisions

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==Labour market trends==
Long-run trends can be analysed using the following tautological relationships
The trend growth rate of unemployment, ΔU can be expressed as:
:::ΔU   =  ΔL  -  ΔE
where
: ΔL is the growth  rate of the [[labour force]]
:: (which can be expressed as
::::ΔL   =  ΔA  +  ΔR
:::where
:::: ΔA is the growth  rate of the population of working age and,
:::: ΔR is the growth  rate of the [[participation rate]].)
and
: ΔE is the growth  rate of  [[employment]]
:: (which can be expressed as
::::ΔE   =  ΔO  -  ΔP
:::where
:::: ΔO is the growth  rate of output
:::: ΔP is the growth  rate of labour productivity)

Revision as of 09:51, 19 August 2010

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