ECON 423 Lecture Notes - Lecture 7: Retention Rate, Layoff, Pareto Efficiency
Document Summary
Unemployment dynamics among canada"s youth economic insights: even when unemployment is rising, some people change jobs some people leave town and get married, even down in labor market (with a net increase in unemployment) there is a lot of gross movement, gross hiring etc, stats can (statistics canada) provides regular economic insights of this sort youth unemployment, chart 1: cyclical rise in unemployment but still not as high as peak in. Young people tend to move out of the labor force: chart 9: not that much change from aged 15 19 and aged 19 24, there is a lot of activity moving into and out of employment, you observe an economy with a large unemployment and don"t see that much movement because see people from last month still employed not the case, making small net changes even if aggregate still employed, there is still a large gross movement of the employment.
