THE ECONOMIC GROWTH AND THE UNEMPLOYMENT RATE
The unemployment rate is one of the most important macroeconomic indicators. The change of the unemployment rate is highly correlated with the phase of the economic cycle. The economic growth has positive impact on employment issues, while the negative growth will result in increasing unemployment....
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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Publishing house of University of Pitesti, Romania
2022-04-01
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| Series: | Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice |
| Subjects: | |
| Online Access: | http://economic.upit.ro/RePEc/pdf/2022_1_7.pdf |
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| Summary: | The unemployment rate is one of the most important macroeconomic indicators. The change of the unemployment rate is highly correlated with the phase of the economic cycle. The economic growth has positive impact on employment issues, while the negative growth will result in increasing unemployment. In terms of the future economic outlook, it is important to analyze the evolution of the unemployment rate. This study focuses on examining the relationship between the economic cycle and the long-term unemployment rate. The method of regression analysis and the descriptive statistics of Eurostat data source were used. |
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| ISSN: | 1583-1809 2344-4908 |