Unemployment


Unemployment is a status in which individuals are without job and are seeking a job. It is one of the most pressing problems of any economy especially the underdeveloped ones.This has macroeconomic implications too some of which are discussed below.

Reduction In The Output

The unemployed workforce could be utilized for the production of goods and services. Since they are not doing so, the economy is losing out on its output.

Unemployment Statistics


Unemployment statistics of different countries comprise of detailed quantitative and qualitative information regarding the status and nature of unemployment in a country. A detailed historical outline of a country’s unemployment rates can be obtained from unemployment statistics. These sets of information reveal important insights into the reason of unemployment and remedial measures for the same.

World Unemployment Rates


 

Brazil Unemployment


 

Nigeria Unemployment