|jobs and unemployment in america||1.36||0.9||8541||54|
The US Unemployment Rate decreased by -0.2% in 2018, by -0.4% in 2019, increased by +2.7% since January 2020, and decreased by -0.3% in 2021. Those who currently have jobs are considered employed. Those who are able AND actively looking for work for 4 weeks or less are considered unemployed.How does unemployment affect the United States?
Effects of unemployment to the economy include recession, high government expenditure and wasted resources. High levels of unemployment not only affect unemployed people, but also the local and regional economies. Unemployed people contribute less to the economy because they are spending less.What are the causes of unemployment?
Inadequate availability of means of production is the main cause of under employment. People do not get employment for the whole year due to shortage of electricity, coal and raw materials. Defective planning is the one of the cause of unemployment. There is wide gap between supply and demand for labour.