NoteCards Macro - Establishment survey(payroll survey...

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Establishment survey (payroll survey): samples 300000 business establishments to measure total employment in the economy. This establishment survey provides information on the total number of persons who are employed and on a company payroll. Change in persons employed is equal to: The change in the number of persons employed is equal to the total number of jobs created minus the number of jobs eliminated. Frictional unemployment: is short-term unemployment that arises from the process of matching workers with jobs
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refers to unemployment due to factors such as the weather, variations in tourism, and other calendar-related events. Seasonally adjusted unemployment: The BLS reports two unemployment rates each month. This one eliminates the effects of seasonal unemployment. structural unemployment: arises from a persistent mismatch between the job skills or attributes of workers and the requirements of jobs. Cyclical Unemployment:
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This note was uploaded on 03/09/2009 for the course ECON 102 taught by Professor Drozd during the Fall '08 term at University of Wisconsin.

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NoteCards Macro - Establishment survey(payroll survey...

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