Asked By: Cody Parker Date: created: Feb 24 2021

Why is Vietnam unemployment so low

Answered By: Antonio Turner Date: created: Feb 26 2021

“Thanks to the special feature of the national economy, most Vietnamese have work to do.

Vietnam’s economy creates many jobs, including jobs with starvation wages,” Huong said.

Laos and Cambodia, for example, which are at a lower development level than Vietnam, have lower unemployment rates than Vietnam..

Asked By: Luke Lewis Date: created: Nov 02 2021

What was the highest unemployment rate in 2020

Answered By: Ethan Sanders Date: created: Nov 04 2021

14.7 percentThe unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948).

Asked By: David Howard Date: created: Dec 29 2021

Why does unemployment not go to zero

Answered By: Jeffery Cook Date: created: Dec 30 2021

Answer and Explanation: The rate of unemployment can never be zero percent because there is always some frictional and structural unemployment.

Asked By: Rodrigo Patterson Date: created: Mar 07 2021

Why a low unemployment rate is bad

Answered By: Donald Taylor Date: created: Mar 10 2021

A very low a rate of unemployment, however, can have negative consequences, such as inflation and reduced productivity. When the labor market reaches a point where each additional job added does not create enough productivity to cover its cost, then an output gap, or slack, happens.

Asked By: Hunter Coleman Date: created: Sep 12 2021

What is the black unemployment rate 2020

Answered By: Daniel Ward Date: created: Sep 15 2021

11.4 percentIn 2020, the unemployment rate of African Americans in the United States stood at 11.4 percent. This was over 1.4 times the national average of 8.1 percent.

Asked By: Rodrigo Thomas Date: created: May 12 2022

How bad is unemployment in America

Answered By: Harry Coleman Date: created: May 12 2022

The official number of unemployed Americans is 10.1 million, according to the Labor Department. That statistic comes from the monthly jobs report that the Labor Department puts out the first Friday of each month, which shows the official unemployment rate at the moment is 6.3 percent.

Asked By: Wallace Clark Date: created: Mar 20 2022

Why is Japan’s unemployment rate so low

Answered By: Neil Russell Date: created: Mar 20 2022

Still, economists say that the country’s tight labor conditions will keep unemployment rates low — Japan has a longstanding labor deficit in some industries, like health care, where demand is expected to grow as the population ages.

Asked By: Eric Wilson Date: created: Jan 15 2022

What is the lowest unemployment rate in the last 50 years

Answered By: Antonio Wilson Date: created: Jan 16 2022

The unemployment rate stands at 3.5%, the lowest in a half-century, according to the latest figures released Friday by the Bureau of Labor Statistics. The last time it reached that level was December 1969.

Asked By: Gavin Jones Date: created: Jun 07 2021

What was the highest unemployment rate during the Great Recession

Answered By: Jeremiah White Date: created: Jun 08 2021

The Great Recession, which officially lasted from December 2007 to June 2009, pushed the unemployment rate to a peak of 10.6% in January 2010, considerably less than the rate currently, according to a new Pew Research Center analysis of government data.

Asked By: Michael Alexander Date: created: Feb 21 2021

Can the unemployment rate ever be zero

Answered By: Owen Hughes Date: created: Feb 21 2021

Natural unemployment, or natural rate of unemployment, is the unemployment rate that persists in a well-functioning, healthy economy that is considered to be at “full employment.” It is a hypothetical rate of unemployment and suggests that there is never zero unemployment in an economy.

Asked By: Matthew Perry Date: created: Jul 16 2021

Which state has the worst unemployment

Answered By: Kevin Griffin Date: created: Jul 19 2021

Unemployment rate by jurisdictionRankRank (50 states)State federal district or territory11Nevada22Michigan33Hawaii44Rhode Island52 more rows

Asked By: Charles Gray Date: created: Apr 13 2021

Who is to blame for the Great Recession of 2008

Answered By: Anthony Price Date: created: Apr 16 2021

For both American and European economists, the main culprit of the crisis was financial regulation and supervision (a score of 4.3 for the American panel and 4.4 for the European one).

Asked By: Jackson Moore Date: created: Aug 08 2021

Why is Singapore unemployment so low

Answered By: Bruce Phillips Date: created: Aug 11 2021

Singapore’s low unemployment rate reflects a labour market where most persons who want to find a job are able to do so. … This is why the long-term unemployed will always be included as part of the unemployed pool.

Asked By: Cole Morris Date: created: Jan 21 2022

What is the current unemployment rate 2020

Answered By: Carter Patterson Date: created: Jan 21 2022

6.9 percentBureau of Labor Statistics The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent.

Asked By: Kevin Parker Date: created: Apr 28 2021

What state has the lowest unemployment benefit

Answered By: Blake Stewart Date: created: May 01 2021

Policies and benefits vary by state. Mississippi has the lowest maximum unemployment benefits in the U.S. of $235 per week, while Massachusetts has the highest at $823. North Carolina and Florida offer unemployment benefits for the shortest length of time with a maximum of 12 weeks.

Asked By: Ralph Morris Date: created: Mar 11 2022

What was unemployment rate in 2021

Answered By: Joseph Brown Date: created: Mar 11 2022

8.3%California unemployment rate holds steady at 8.3% in April 2021.

Asked By: Caleb Bennett Date: created: Nov 28 2021

What was the unemployment rate in the 1970’s was it higher or lower than normal

Answered By: Jake Allen Date: created: Nov 30 2021

Both the civilian unemployment rate and the rate of change in consumer prices deteriorated in the second half of the decade. Between 1970-74, the average annual unemployment rate was 5.4 percent, while the average annual change in the Consumer Price Index (CPI) was 6.6 percent.

Asked By: Lawrence Murphy Date: created: Sep 28 2021

Why was unemployment so low in 1969

Answered By: Miles Foster Date: created: Oct 01 2021

The jobless rate fell from 3.8% to 3.6%, the US Labor Department said, the lowest since December 1969. However, the fall was due to a large number of people – 490,000 – leaving the labour force during April.

Asked By: Stanley Butler Date: created: May 03 2022

Is unemployment really at a 50 year low

Answered By: Roger Jenkins Date: created: May 04 2022

At the end of 2019, the unemployment rate was below the trend but no more so than in previous business cycle peaks, indicating that the labor market is no tighter. The current U.S. unemployment rate is at a 50-year low.

Asked By: Reginald Thomas Date: created: Jan 27 2021

What would happen if the unemployment rate was 0

Answered By: Isaiah Hill Date: created: Jan 29 2021

Key Takeaways The natural rate of unemployment is the lowest level that a healthy economy can sustain without creating inflation. Zero unemployment is unattainable because employers would raise wages first.

Asked By: Lawrence Hall Date: created: Jul 14 2021

What is considered a normal unemployment rate when the economy is working properly

Answered By: Miguel Sanchez Date: created: Jul 15 2021

Economists generally agree that in an economy that is working properly, an unemployment rate of around 4 to 6 percent is normal. Sometimes people are underemployed, that is working a job for which they are over-qualified, or working part-time when they desire full-time work.

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