In order to take unemployment the government randomly surveys households. They ask if the people have a job. If a person says no they will ask if the person is looking for a job.
If the person answers yes they are put into unemployment.
If the person answers no they are put into the discouraged worker category and they are not counted towards unemployment.
Say there are 10 adults who are able to work. Our labor force would be 10. Now lets say 5 adults have a job. This is not our employment rate yet.
Now lets say 5 adults don't have a job but only 2 are looking for a job.
3 people are discouraged workers.
To find employment we would take employed workers over employed and unemployed workers so 5/7 (not counting the 3 discouraged). Therefore unemployed would be 2/7.
Each state sets up its own system for calculating benefits. It generally is based on a base period (usually the past year), the amount of wages earned in that period, a ratio or percentage of the weekly/quarterly income, the type of employment, whether the applicant has other income and what kind, etc.
Unemployment/labor force * 100.
How to calculate potential gdp and natyral rate of unemployment?
empl;oyed what?
To calculate frictional unemployment rate you have to get the labor market turnovers. The frictional unemployment is the portion of the unemployment rate that results from the labor market turnovers.
The current unemployment rate in the United States is 22.5 Percent as of May 2014. It is down significantly from the previous year.
Cyclical unemployment rate = Actual rate - Natural rate of unemployment. if you don't have the Natural rate, then you might have Frictional & structural rate, which can be added together to get the natural one N= F+S
You can get an estimate of your benefits by checking out the Related Link below.
GDP Deflator = Nominal GDP/Real GDP x 100.
Colorado unemployment benefit payments rose from $305 million in 2005 to $1060 million in 2009. When the economy is tough in a state the cost of unemployment quickly rises. It might be more interesting to calculate the unemployment insurance cost per employee but that depends on the firms.
Unemployment is split into these types: demand-deficient unemployment, frictional unemployment, and structural unemployment
Because of the complexity in determining Michigan's worker eligibility and the several ways to calculate it, refer to the Related Link below. As for the SS part, it does not reduce your unemployment benefits at all.
disguised unemployment,open unemployment,under unemployment