FileUnemployment
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Unemployment rate by industry, state, education, gender, metropolitan city
Unemployment Rate is an important measure of the health of an economy, its growth, and the success of a country’s economic initiatives. A zero unemployment rate is not technically possible but a low rate is highly desirable because higher job creation has been positively associated with greater satisfaction, innovation, lowered crime rates and progress across every other developmental indicator.
By FileUnemployment3 years ago in Journal
3 Recession-Proof Industries Struggling Due To COVID-19
Recessions are a painful but unavoidable part of a business cycle, as historical data on the unemployment rate by industry shows so far. Recessions cause the economy to contract, resulting in millions of job losses, especially when the event is on a global scale. However, some industries continue to thrive when a recession is underway, growing, making sales, and adding jobs. The performances may be a little muted, but these industries don’t reverse their growth direction during recessions, except in 2020.
By FileUnemployment3 years ago in Journal