Wednesday, 15 April 2009

Unemployment

It is defined as the percent of workforce of a nation that is looking for a job; it is a good
indicator of the state of the economy of a nation. Contrary to popular belief, unemployment to
some extent is always good because it make sure there is a ready supply of good workforce,
that the workforce is essentially improving itself (growth) it makes sure wages do not increase
fast thereby not fueling inflation.

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