Unemployment is when an individual who is not employed and is seeking employment, cannot find work. Unemployment is a key indicator of the health of an economy. A low unemployment rate represents a strong economy while a high unemployment rate represents a weak economy
Unemployment is caused by various factors such as; technological change, a decline in the labor force, and geographical immobility. Effects of unemployment include fluctuating the workforce makeup, personal stress on the employee, and reducing the overall spending in the country.
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