##  [Okun's Law](/index.php/okuns-law) 

  ##  [Okun's Law](https://social.quantumdictionary.io/okuns-law-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

An empirical macroeconomic relationship that links changes in the unemployment rate to the growth rate (or gap) of real GDP for a given country and period; the precise coefficient (the GDP change associated with a one percentage‑point change in unemployment) is estimated empirically and varies across time and jurisdictions.