Unemployment rates are one of the strongest indicators of the economic health of a nation. A person is considered unemployed when they are without a job yet actively seeking paid employment. When large numbers of a country’s workforce become unemployed, both they and employed workers who are afraid of losing their own jobs become afraid to spend money. Low demand triggers further job loss as profits decline. Thus, unemployment benefits are seen as a way to help stabilize the economy as well... więcej
Salem Press Encyclopedia, 2021. 3p.