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The Relationship Between Unemployment and GDP: Unempolyment Rate (%)

The documents show the relationship between unemployment rates and GDP growth rates for various years and quarters: 1) The first table shows annual unemployment rates, GDP growth rates, and their ratio from 2000-2018, with GDP growth generally decreasing as unemployment increases. 2) The second table shows quarterly unemployment rates, GDP growth rates, and their ratio from 2014-2018, again with GDP growth decreasing as unemployment rises. 3) Line graphs depict the inverse relationship between unemployment and GDP for the annual and quarterly data. As unemployment goes up, GDP growth declines.

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senith lasen
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27 views4 pages

The Relationship Between Unemployment and GDP: Unempolyment Rate (%)

The documents show the relationship between unemployment rates and GDP growth rates for various years and quarters: 1) The first table shows annual unemployment rates, GDP growth rates, and their ratio from 2000-2018, with GDP growth generally decreasing as unemployment increases. 2) The second table shows quarterly unemployment rates, GDP growth rates, and their ratio from 2014-2018, again with GDP growth decreasing as unemployment rises. 3) Line graphs depict the inverse relationship between unemployment and GDP for the annual and quarterly data. As unemployment goes up, GDP growth declines.

Uploaded by

senith lasen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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a)

The relationship between unemployment and GDP


Year Unempolyment rate (%) GDP Growth rate (%) ratio
2000 7.6 8.4 0.904762 The
2001 7.9 -1.9 -4.157895
10
2002 8.8 3.7 2.378378
2003 8.4 5.9 1.423729
8
2004 8.3 5.4 1.537037
2005 7.7 6.2 1.241935
6
2006 6.5 7.7 0.844156

GDP Growth rate (%)


2007 6 6.8 0.882353
4
2008 5.4 6 0.9
2009 5.8 3.5 1.657143
2010 4.9 8 0.6125 2
2011 4.2 8.4 0.5
2012 4 9.1 0.43956 0
3 4
2013 4.4 3.4 1.294118
2014 4.3 5 0.86 -2
2015 4.7 5 0.94
2016 4.4 4.5 0.977778 -4
2017 4.2 3.4 1.235294
2018 4.4 3.2 1.375

b)
The rate of change of unemployment and quarterly change in GDP
Year Unempolyment rate (%) GDP Growth rate (%) ratio
2014-Q1 4.1 1.3 0.317073
2014-Q2 4.5 2.2 0.488889 The rate of
2014-Q3 4.2 5.1 1.214286
12
2014-Q4 4.4 10.6 2.409091
2015-Q1 4.7 3.9 0.829787
2015-Q2 4.5 7.1 1.577778 10
2015-Q3 5.1 5.9 1.156863
2015-Q4 4.3 3.3 0.767442 8
GDP Growth rate (%)

2016-Q1 4.2 6.2 1.47619


2016-Q2 4.6 2 0.434783
6
2016-Q3 4.5 4.5 1
2016-Q4 4.2 5.3 1.261905
2017-Q1 4.1 3.2 0.780488 4
2017-Q2 4.5 3.6 0.8
2017-Q3 4.2 3.2 0.761905 2
2017-Q4 4 3.7 0.925
2018-Q1 4.5 4 0.888889 0
3.8 4
2

0
2018-Q2 4.6 3.9 0.847826 3.8 4
2018-Q3 4.1 3.5 0.853659
2018-Q4 4.6 1.8 0.391304
The relationship between unemployment and GDP
10

0
3 4 5 6 7 8 9 10

-2

-4
Unempolyment rate (%)

The rate of change of unemployment and quarterly change in GDP


12

10

0
3.8 4 4.2 4.4 4.6 4.8 5 5.2
Unempolyment rate (%)
2

0
3.8 4 4.2 4.4 4.6 4.8 5 5.2
Unempolyment rate (%)

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