[Pen-l] A question about unemployment

[Martin Hart-Landsberg <marty@xxxxxxxxxx>]

I am hoping that someone can help with a question about unemployment.   Many years ago I read a study which talked about the relationship between the yearly unemployment rate and the number of people who experience unemployment during a year.  If I remember correctly the study said that you could multiply the yearly unemployment rate by 2.2 to get the percentage of the labor force that experiences unemployment at some time in that year.   The problem is that I don’t trust my memory, and that relationship was drawn from a particular historical period. 

 

So—any thoughts about what that relationship is today and/or how one calculates it?

 

Thanks,

 

Marty Hart-Landsberg

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