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Subjects>Law & Government>Governmental Structures

Does Unemployment rate ever reach zero?

Anonymous

∙ 12y ago

Updated: 11/6/2022

the unemployment will never reach zero. because unfortunatly there will be always some one who need or requires job.................muhammad saqib...........

Wiki User

∙ 12y ago

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Related Questions

Why isn't the natural rate of unemployment equal to zero?

The natural rate of unemployment cannot equal zero, because there will always be people seeking full time employment, because they are dissatisfied with their present job, or are newly in the workforce, etc. and hence are unemployed.

Why is an unemployment rate of zero per cent not a feasible macroeconomic goal?

There are too many people who can't work or don't want to work. A zero unemployment rate would also mean that any new jobs would have to be filled entirely with new workers or those taken from other employment.

Can someone live with a respiration rate of zero?

No, it is not possible for someone to live with a respiration rate of zero. Breathing is essential for oxygen to reach the body's tissues and for the removal of carbon dioxide. A respiration rate of zero would lead to oxygen deprivation and eventually cause organ failure and death.

Why isn't full unemployment the same as zero unemployment?

Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)

Could one explain what the zero rate is?

Zero rate has several meanings. The meaning differs on what zero rate is used for. For example, if it is used for loaning money, then "zero rate" might be used for zero interest rate.

Why isn't full employment the same as zero unemployment?

Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)

Is there any country whose unemployment rate is zero or very close to zero?

No country is able to curb the unemployment rate close to zero in the system of market-oriented economy. Take developed countries for example. With the advancement of various kinds of industries, developed countries have to send such outdated industries into developing countries, and some workers will find they aren't able to be qualified for more demanding jobs. Besides, nowadays some work can be done by robots or other kinds of instruments. While for the developing countries, poverty, lack of education and poor macro regulation will all raise the unemployment rate. To sum up, I believe that unemployment rate of a country is a dynamic equilibrium, sometimes it may go up while other times it may go down, but I believe no country's government can curb the unemployment rate close to zero. According to Wikipedia Andorra enjoys a 0.0% unemployment rate and the highest being Zimbabwe with 95% Here is the link in the Related Link below.

Why isn't full employment the same as zero unemployment?

Full employment and zero unemployment are not the same because full employment refers to a situation where all individuals who are willing and able to work are employed, while zero unemployment would mean that there are absolutely no individuals without a job. In reality, there may always be some level of unemployment due to factors such as frictional unemployment (people transitioning between jobs) or structural unemployment (mismatch between skills and available jobs).

Why does unemployment not go to zero during booms?

The main reason the unemployment can't fall to zero is that unemployment below NAIRU (Non-Accelerating Inflation Rate of Unemployment which is around 5%) creates a tight job market which leads workers to demand higher wages and firms to increase its prices as demand and costs go up. This situation leads to high inflationary pressures.

What is the rate law for a zero-order reaction?

The rate law for a zero-order reaction is rate k, where k is the rate constant. In a zero-order reaction, the rate of the reaction is independent of the concentration of the reactants.

Why can all unemployment not be eliminated?

Unemployment can never be totally eliminated for the simple fact that: there are always new workers coming into the marketplace seeking employment; people leave jobs, either voluntarily or through the employer discharging them for various reasons; businesses exit the marketplace, thus eliminating jobs, etc.

When full employment is present will the rate of unemployment be zero?

Theoretically, yes, but there will always be some form of unemployment due to the fluctuation of the labor market.

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