Hello friends traders or aspiring traders
I would like to talk to you about the unemployment rate👌🏾
This small technical sheet will undoubtedly provide you with an advantage.
So read carefully, save the post, like it, and then share it.👍🏾
So without further ado, let's go!
To make understanding easier for each of you, we will simply answer 4 questions.
✅1- What is the unemployment rate?
The unemployment rate measures the percentage of people looking for a job compared to the active population.
To be considered unemployed, one must be without a job, actively looking for a job for more than 4 weeks, and be aged between 15-74 years.
✅2- Usefulness of the unemployment rate
The unemployment rate has several uses 👉🏽
An increase in unemployment leads to a decrease in economic activity and therefore, in the medium or long term, a decrease in economic growth. Conversely, a decrease in unemployment leads to an increase in economic activity and then an increase in economic growth.
What you simply need to understand here is that the more people who work and receive a salary, the more people will buy goods and services to meet their everyday needs, which contributes to the increase in economic activity.
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