Question #233093
Is an increase in unemployment rate necessarily a good thing for a nation? Expain
Expert's answer
Solution:
An increase in the unemployment rate is normally a good thing for a nation. This is because it means that some civilian labor force who were previously discouraged i.e had given up looking for a job have now started looking for work again. Therefore, this means that the economy is booming and that’s why many people are now opting to work again, which is good for a nation.
