What is the Unempoyment Rate?
- The unemployment rate shows the percentage of the workforce (people who are physically and legaly able to work) actively seeking but unable to find work.
- If refelcts the strength of the labor market.
- A high unemployment rate often signals economic problems, while a low rate usually shows a strong, growing economy.
- However, the unemployment rate alone doesn't capture the full story — factors like underemployment or people leaving the workforce matter too.
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 2 of 5, govering the Unemployment Rate.
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