The percentage represents the population of those who are not employed as 1.8 million people in the country. There is an increment in the participation rate to about 63% by 0.1%. Among the group of workers, the rate of unemployment is lowest for the whites by 4.1% and highest for the black Americans (Corden, 1960). Unemployment in the country is due to some economic reasons. Some people do not want to be employed voluntarily. Some people leave their current occupations for other jobs. Unemployment can also be attributed to rising number of workforce and fewer industries to absorb them.
US real GDP is 16.81 trillion USD with a quarterly growth rate of about 2.06% and an annual rate of 3.3%. It is the largest economy in the world, but the current
US real GDP is 16.81 trillion USD with a quarterly growth rate of about 2.06% and an annual rate of 3.3%. It is the largest economy in the world, but the current