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
http://wiki.answers.com/Q/Why_is_unemployment_rate...
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.
http://www.ask.com/web-answers/Business/Other/why_...
The telephone is so important because you can talk to people across the world in real time. It is a lot faster than writing a letter or sending a message.
http://www.ask.com/web-answers/Science/Other/why_i...
Safety is important for everyone. Personal Safety will keep you out of harms way. Know what to do if an attacker approaches you. You and your family should practice safely scenarios
http://www.ask.com/web-answers/Health/Other/why_is...
2 Additional Answers
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.
Explore this Topic
Macroeconomics is important because it allows us to understand how the economy works as a whole and how it is effected by things such as unemployment, investment ...
Writing an essay on the importance of education for all is a great topic. Include statistics about drop out rates and the unemployment problem. Having an education ...
Unemployment is bad because it has negative psychological effects on individuals, families and communities. According to the American Psychological Association ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com