Celebrating humanity's flourishing through the spread of capitalism and the rule of law
26 Nov 2015 1 Comment
in economic history, job search and matching, unemployment
Unlike the USA, the OECD’s host country’s actual and equilibrium unemployment rates track each other rather too closely for comfort. In contrast, Italian unemployment hardly ever catches up with the Italian equilibrium unemployment rate. In common with the US equilibrium unemployment rate, the Italian equilibrium unemployment rate was rather stable for quite some time.
Source: OECD Stat and OECD Economic Outlook November 2015
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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