Unemployment 2024 Trading Economics
Unemployment 2024 Trading Economics. 4.1% the unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment. Using a new keynesian phillips curve, we document the rapid and persistent increase in the natural rate of unemployment, ut*, in the aftermath of the pandemic and characterize its implications for inflation dynamics.
What investors and executives need to be watching in 2024. โ developed countries experienced a robust recovery with low unemployment rates, notably 3.7% in the us and 6.0% in the eu in 2023, coupled with rising nominal wages and narrowing wage inequality.