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If the steady-state rate of unemployment equals 0. 125, the rate of job findings is 0. 56, then the fraction of employed workers who lose their jobs each month must be

Sagot :

Hendrixakiyah12idn

Answer:

Explanation:

125, the rate of job findings is 0. 56, then the fraction of employed workers who lose their jobs each month must be.

The fraction of the employed workers who lost jobs at the end of each month should be 0.08

What is unemployment rate?

The unemployment is the situation in the working environment which shows the number of educated candidates who are still ideal and does not possess any job.

Computation:

[tex]\begin{aligned}\text{Rate}&=\dfrac{\text{f}\times\text{Um}}{( 1-\text{Um})}\\\\& = \dfrac{0.125\times( 0.56)}{( 1- 0.125 )} \\\\& = 0.08\end{aligned}[/tex]

were,

f is rate of job finding

Um is the unemployment rate

Therefore, the rate of job separation is 0.08

Learn more about unemployment rate, here:

https://brainly.com/question/15732163

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