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Causes Of Unemployment

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Unemployment
Unemployment is a familiar topic discussed among the population and the government. According to Robert Miller in Economics Today unemployment is best defined as the total number of adults who are willing and able to work and are who are actively looking for work but have not found a job. There are frequent updates on the rate of unemployment and possible new ways and ideas to resolve the issues of unemployment. According to the Bureau of Labor Statistics, the current rate of unemployment is 4.2%. A low supply and demand an increase in the price oil and interest rates definitely play a large role in the rising rate of unemployment.
According to Drew, a reason for the high rate of unemployment is that American Population as a whole does not have a large demand for the output of items. Therefore, firms and businesses will refrain from producing goods and will lay off workers, increasing the unemployment rate. Conversely, if there are not a large enough amount of options and varieties of the supply of goods being produced (Batra 42). This can be a definite factor of unemployment simply because there are not enough factories built that could potentially give people more of a chance of finding a job (43). Batra is stating that it is the fact that there are not enough job opportunities for those unemployed to find a job.
Aside from the demand and supply of goods, an increase in the price of oil immensely affected the rising rate of unemployment. Using the event in

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