Unemployment rates inform the people how a country is economically doing. If a country has a high unemployment rate people will assume that their economy is not doing so well and vise versa. In 2015 Germany’s unemployment rate was 4.5%, it hasn’t been this low since 1981. The U.S unemployment rate in 2015 was 5%. When economists figure out the unemployment rates they first part the people who could be in the labor force and those who aren’t, then they categorize them in employed and unemployed groups. If they weren’t to follow this process then their unemployment rates would be tremendously high and very inaccurate. When you're unemployed there are four reasons of why you’re unemployed and you would fall into just one of them, the four kinds of unemployment are structural, seasonal, frictional and cyclical unemployment. Usually they do not all occur at the same time, it just depends through what phase your country is going through to be unemployed at a specific one.
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