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econ.okuns-law Calculator
Applies Okun's Law to estimate the implied change in unemployment from a given real GDP growth rate, using the standard coefficient of approximately 0.5. Okun's Law is the empirical relationship between output and labour market outcomes — useful for forecasting unemployment from GDP projections.
Inputs
Gdp Growth Pct
Reference formula or conversion factor shown for context.
Potential Gdp Growth
Reference formula or conversion factor shown for context.
Unemployment Change Pct
Reference formula or conversion factor shown for context.
Results
implied unemployment change (pp)
Sample size or count used in the calculation.
implied GDP growth from ΔU
The absolute increase in value over the period. Growth = final value minus initial value.
GDP growth
The absolute increase in value over the period. Growth = final value minus initial value.
potential growth
The absolute increase in value over the period. Growth = final value minus initial value.