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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 7
Use the following news clip to work Problem.
Some Firms Struggle to Hire Despite High Unemployment
Matching people with available jobs is always difficult after a recession as the economy remakes itself, but the disconnect is particularly acute this time. Since the recovery began in mid-2009, the number of job openings has risen more than twice as fast as actual hires. If the job market were working normally, openings would be getting filled as they appear. Some 5 million more would be employed and the unemployment rate would be 6.8%, instead of 9.5%.
Source: The Wall Street Journal , August 9, 2010
Are the 5 million workers who cannot find jobs because of mismatching in the labor market counted as part of the economy's structural unemployment or part of cyclical unemployment
Some Firms Struggle to Hire Despite High Unemployment
Matching people with available jobs is always difficult after a recession as the economy remakes itself, but the disconnect is particularly acute this time. Since the recovery began in mid-2009, the number of job openings has risen more than twice as fast as actual hires. If the job market were working normally, openings would be getting filled as they appear. Some 5 million more would be employed and the unemployment rate would be 6.8%, instead of 9.5%.
Source: The Wall Street Journal , August 9, 2010
Are the 5 million workers who cannot find jobs because of mismatching in the labor market counted as part of the economy's structural unemployment or part of cyclical unemployment
Explanation
Verified
Verified
Cyclical unemployment is accounted for f...
Macroeconomics 12th Edition by Michael Parkin
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