American Public University
UNEMPLOYMENT Introduction Unemployment is defined as the people who are not willing to participate in the labor force. In another word, unemployment is a preference made by the individuals. Unemployment is an essential social problem as well as it is an important macroeconomic indicator. Considering that the world population is increasing rapidly, and the global financial crisis has started a new era when many developed countries have got into trouble, the labor force is facing a harsh time. The unemployment rates even in the developed countries have reached 10% or exceeded 10%. Some developed countries could manage to keep the ...
