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The unemployment rate
An unemployed person is one who is able and willing to work yet is unable to find a job. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes both the unemployed and those with jobs. Measuring the number of unemployed workers actually seeking work is very difficult, but there exists several different methods to do so. Each method has its own biases and the different systems that make comparing unemployment statistics between countries very difficult. Moreover, Unemployment has an impact in society and our economy. There are several costs involved in unemployment, but on the other hand, there is a benefit involved with it too. The likely costs include increased poverty, crime, political instability, mental health problems, and diminished health standards. But it is beneficial for the entire economy because it keeps inflation form being high. The unemployment rate is the impact of the......

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Approximate Word Count: 741
Approximate Pages: 3 (250 words per double-spaced page)

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