The difference between the sum of published unemployment and employment and 1 is natural rayte of unemployment.

tropicalfish (热带鱼)
It includes structure, frictional and cyclical unemployment. For instance, some new graduates need a couple of month to find their first job. Some technical workers are laid off because of their backward technique. They counts for NAIRU which remains stable for decades with the relatively stable productivity. Usually, the published unemployment rate doesn't include nairu. it is a complex economic concept. I hope I have explained it clearly.
2001-6-29 -05:00

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