US Jobs Report Apr. 2020: Unemployment Rate Triples to 14.
Unemployment generally defined as the number of persons (It is the percentage of labor force depends on the population of the country) who are willing to work for the current wage rates in society but not employed currently. Unemployment reduces the long run growth potential of the economy.
Impact of Unemployment on Social Issues In this essay I would like to consider the impact of unemployment on social issues and recommend solutions to this actual problem. To begin with it can be said that unemployment has significant impact on social issues.
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I could have used percentage of real GDP per capita growth but because I am using cross sectional data, and not time series, it seemed more appropriate. Mean unemployment rate is about 8% and mean inflation rate is about 3.8%. The lowest unemployment rate was found in Belarus (1%) and the highest in Macedonia (34.9%).
To root out the cause of unemployment, India’s population has to be brought under control, the educational system needs to be revised and society reconstructed provided an equal co-operation from the people. Let us hope that India becomes a rich country in the years to come, so that we may be able to generate job opportunities to millions.
Coronavirus. Coronavirus: US unemployment figures - 26 March 2020 The impact of the spread of Covid-19 across the United States of America has seen a surge in jobless claims, with more stimulus.
INTRODUCTION In the history of labor and employment laws in the United States of America, things had drastically varies from years to years. The law of slavery, which governed many American workers until 1865, is covered in a separate entry of laws.