Unemployment hits and lingers |
Unemployment is one of the major problems in the economy today. To tackle the issue, it is important to answer these two questions. What is unemployment? How does it affect the economy? Unemployment is a state where people have no jobs due to lack of available jobs open in the locality.
Unemployment affects the economy in such a way that less taxes will be collected by the government of poor employment rate. The lesser taxes collected by the government, the lesser community projects will be done by the government. If unemployment rate increases, people would surely not think of spending and this would eventually hurt the sales of the current investors in the economy.
The effects of unemployment should encourage the government to open doors to investors to give jobs to its people.
- Mutya Rivera Martin