unemployment that is in line with other emerging markets and regional peers. We also find that the relationship has been somewhat … components of GDP may cause different unemployment reactions, an important issue that has not been sufficiently addressed in the …

This paper examines the usefulness of the Okun relationship as a “rule of thumb” for predicting changes in unemployment … differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … of the Okun relationship (in comparison to the aggregate “rule of thumb”) for predicting movements in unemployment. The …