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Web11 The statistical significance of the aggregate variables (e.g., state unemployment rate) should be interpreted cautiously because, as Moulton (1990) points out, there is some possibility that the estimates of the standard errors for these aggregate coefficients are biased downward. Web22 sep. 2024 · Types of Unemployment. Frictional Unemployment. Cyclical Unemployment. The minimum amount of unemployment that prevails in an economy due to workers quitting their previous jobs and are searching for the new jobs is called Frictional Unemployment. Cyclical unemployment is due to deficiency or fall in effective demand … Web6 mrt. 2024 · The unemployment rate is a key labour market indicator, but it has many shortcomings which we must take into account when interpreting it. The Quick guide on interpreting the unemployment rate provides helpful information on all the main … tafe western sydney moodle