Why is Unemployment Important?

Answer

Unemployment is important because it affects so many aspects of the economy. When people are unemployed, they are not spending money, they can't afford their homes and foreclosures increase. They cut back on the extras like going out for dinner and the movies. The decreased spending then affects businesses which can lay off and create a higher unemployment rate.
Q&A Related to "Why is Unemployment Important?"
The unemployment rate can be a good indication of the economy's state. High employment rates show a lack in the growth of the economy and vice versa. Also, high levels of unemployment
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People are unemployed due to a variety of factors. Unemployment rates are high due to the struggles of the economy, or perhaps someone may be unemployed due to disability.
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Josephine Baker was the first real African American woman to star in a major motion picture. She also received military honors from the French government for her work in the resistance
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Culture is important because it is what makes a society unique. For example, this could include a certain religion or type of clothing. Each of these things are unique to a culture.
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Ask.com Answer for: why is unemployment important
Unemployment
United States workers who are out of work due to no fault of their own are eligible for unemployment benefits for up to 26 weeks. When the unemployment rate is high, benefits may be paid for additional weeks... More »
Unemployment is important because it represents the number of people who are not bringing in money for their families. It not only affects those families but it affects every taxpayer in the country. When that person is not working, that person is not paying taxes. That may mean taxes could to up for others if the government needs more money.
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