During times of crisis there are more people unemployed. This can be seen in 2020, or during quarantine and COVID, unemployment rates were higher. In 2020, the unemployment rates for both adult men and women were averaged to around 13 percent, where a normal and efficient unemployment rate is around 4-5 percent. For teenagers ages 16-19, the unemployment rate was averaged to 33 percent, which is almost 7 times the natural unemployment rate.
Chapter 8 Analyze and Respond
Chapter 8 Response
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