Over the last few weeks, we've witnessed a back-and-forth between economists and financial journalists over Okun's Law—an economic ratio between unemployment and growth discovered by Arthur Okun ...

and his research on the subject has since become known as Okun’s law. Okun’s law is, in essence, a rule of thumb to explain and analyze the relationship between jobs and growth. Below is a ...

Okun’s Law represents an empirical relationship between changes in an economy’s output and fluctuations in unemployment. Initially formulated in the early 1960s, the law posits that variations ...

But the premise looks shaky. Okun’s Law is the basis for the jobs hope. Named after Arthur M. Okun, an economic adviser to Presidents Kennedy and Johnson, this is less a law than a description ...

To answer these questions, economists use a relationship known as Okun's law, named after Arthur M. Okun who discovered it in 1962. It states that for each percentage point that output is below or ...

The traditional relationship between unemployment and output growth known as Okun’s law appeared to break down during the Great Recession. This raised the question of whether this rule of thumb was ...

This behavior threw a wrench into the long-standing relationship between changes in GDP and changes in the unemployment rate, known as Okun’s law. If Okun’s law had held in 2009, the unemployment rate ...

A simple “rule of thumb” called the Okun’s law, named after 1960’s American economist Arthur Melvin Okun, may still be relevant today, despite becoming outdated the past few decades with ...

The statistical relationship he uncovered has come to be known as Okun’s law. A simple form of this popular rule of thumb says that a 2% drop in inflation-adjusted GDP growth relative to trend is ...