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Unemployment Rates and the Affects on Economy - Admission/Application Essay Example

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The world unemployment rates have drastically increased over the years, and this is the reason why it is being continuously kept under a check by the people who study it and examine it for their own perspectives…
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Unemployment Rates and the Affects on Economy
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"Unemployment Rates and the Affects on Economy"

Unemployment Rates and the Affects on Economy

Unemployment has always been a bane on the face of any society and indeed the economy of the world. It is this nuisance which has created problems for the people left, right and center. This is because the people who are unemployed have to be dependent on the state and the working force which exists within a region, locality or a country for that matter. The role of the government is immensely significant because it needs to make sure that the negativities within the employment domains are kept at a safe distance and that people get recruited in different companies and organizations so that the unemployment rate comes down drastically. It is a fact that unemployment mars the basis of an economy not because it creates more dependents but also due to the reason that many individuals increase exponentially over a period of time that do not have jobs and would like to be a part of this fraternity. This is the reason why unemployment rates have steadily increased over the years and there seems to be absolutely nothing that can be done to make sure that the people remain contented with whatever little they have within this day and age. Unemployment is such a big issue that it has changed the face of the world, and that too for worse. The consequences and the eventual solutions need to be found out as to the basis of unemployment in the real sense of the word. If all of these problems are understood, then only one can move forward and find the real basis of unemployment that exists within any economic setting of the world. The social effects of unemployment are also very significant because it puts the individual under question in a social distress. Read More
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