Question

When the unemployment rate is at a steady state: Group of answer choices the number of people finding jobs exceeds the number of people losing jobs. the number of people losing jobs exceeds the number of people finding jobs. no hiring or firings are occurring. the number of people finding jobs equals the number of people losing jobs.

Answer 1

Answer:

The number of people finding jobs equals the number of people losing jobs.

Explanation:

Unemployment rate can be defined as the percentage of unemployed workers that are present in the the labor force. The Labor force of a country comprises of both employed and unemployed individuals that are present in the country. Unemployment rate can also be described as the percentage of the total workforce of a country that is yet to be gainfully employed.

High unemployment rate poses an adverse effect on the economy, it leads to an increase in crime rate this is due to the fact that unemployed individuals have no source of income to take care of their respective families and as such have to turn to the life of crime inorder to earn money.