that a rise in labour productivity and a fall in output can increase unemployment. A 1 per cent reduction in the … unemployment rate requires only a 2.4 per cent increase in real output growth above the average growth rate, but during recessions … periods. Given that recessions are now less frequent, Okun's law continues to be a useful rule of thumb in Australia …

This paper examines the major causes of Iran's unemployment conundrum using a simultaneous-equation model and annual … time series data from 1968 to 2000. It is found that the rate of unemployment responds positively to output gap and … that there exists a degree of trade-off between inflation and unemployment. However, since persistent and soaring inflation …