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If 21% of unemployed find jobs and 0. 9% of the employed lose their jobs, the natural rate of unemployment will be 4.1%
Use formula 7.4 where s = 0.009 and ƒ = 0.21.
The unemployment rate is the proportion of the work force that is unemployed. Because it is a trailing indicator, it frequently increases or decreases in response to changes in economic conditions rather than anticipating them.
When the economy is in trouble and there are few open positions, the unemployment rate is likely to rise. When the economy is strong and there are plenty of open positions, it makes sense to expect a fall in it.
Except for a few months, the first Friday of each month sees the release of the nation's unemployment rate for the preceding month.
You can access both the most recent and older versions of the report on the Bureau of Labor Statistics website (BLS).
To learn more about Unemployment Rate here
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