Question

Does anyone know how to calculate the frictional rate of employment...given the following information...
The structural unemployment rate of 2.8%, actual unemployment rate of 7% and cyclical unemployment is 2.0%
I just need to know the formula to use??

Answer 1

I meant frictional unemployment rate

Answer 2

I believe the types of unemployment should add up. That is, total=structural+cyclical+frictional