ESTIMATING THE UNEMPLOYMENT RATE USING MATHEMATICAL MODELING
This article proposes and analyzes a nonlinear mathematical model of the unemployment problem,
based on the consideration of three main variables: the number of unemployed individuals, employed
individuals, and those not officially employed. The model reflects the situation observed in some
countries with a transitional economy or in countries with a strong agricultural sector, where the
unemployed rarely turn to labor authorities for job placement, which in turn leads to an increase in
the rate of hidden unemployment. The results for the mathematical model were obtained using the
stability theory of nonlinear differential equations.
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