Employment/Tutorials

From Citizendium
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Tutorials [?]
 
Tutorials relating to the topic of Employment.

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)