For a number of reasons, economists believe that the natural rate of unemployment in the U.S....

For a number of reasons, economists believe that the natural rate of unemployment in the U.S. economy declined from the 1980s to the 1990s and early 2000s. Provide at least two different reasons for this phenomenon and discuss each.

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SOLUTION -

1. The Web has provided a main important tool through which job-seekers can find out about opportunity of job at different industries/ firms and can make in touch with CV relative ease. An web finderis far easier than trying to find a list of local Employess and then reach up their personal contact for all of their HR , requesting a list of Opprtunity of jobs and process Form, and like all.

2. The growth of the temporary employee firm has probably helped to low natural rate of unemployment. In the 1980s, only 0.5% of all employee held work through temp firms by the 2000s, the figure 2%. Temprory firms can provide jobs for employee while they are looking for permanent all time work. also serve as a clean up , helping employee find out about jobs with certain workers and getting a tryout with the employer. For manyemployees , a temprory work is a path divider to a fix job that they might not have heard about or gotten any other way, so the growth of temprory works will tend to reduce frictional unemployment.

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Rahul Sunny answered 2 years ago

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