Macroeconomic Challenges: Inflation & Unemployment Report 2022

Running head: MACROECONOMIC CHALLENGES: INFLATION & UNEMPLOYMENT 1
Macroeconomic Challenges: Inflation & Unemployment
Name
Institution

MACROECONOMIC CHALLENGES: INFLATION & UNEMPLOYMENT
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MACROECONOMIC CHALLENGES: INFLATION & UNEMPLOYMENT
PART 1: INTRODUCTION AND DATA
a. Introduction
Unemployment takes place whenever an individual who is actively seeking for
unemployment remains unable to get a job/work. Inflation is the general rise in prices of
commodities and services. A rise in mass demand leads to rise in the production. When
production rises, joblessness reduces. High employment rates causes rise in economy since the
people’s expenditure will increase. With increase in demand, the cost of commodities will rise.
Low economic growth is caused by unemployment. However, increased employment rate can
also lead to decreased economic growth. Low wages leads to poor economic growth, on the other
hand, increased salary leads to increased expenditure, therefore, growth in economy. In July:
6.2% -LFPR INCR increased to 62.9%, a population of 200,000 began looking for employment.
(Gillespie, 2016) Close to 3.1 million long-term joblessness, about a third of 9.7million. By
August: 6.1 % - a population of 2.96 million suffered long-term joblessness.775, 000 influenced
employees negatively, causing the rate of unemployment to be at 12%. Unemployment with
education and unemployment of females will be my focus in this paper. Since they are the latest
challenges facing employment industry leading to the decrease in economy. The increase prices
of goods and services will be influenced by employment rates (Rudiger, 2017).
b. Data:
Amazon GDP Growth Graphs

MACROECONOMIC CHALLENGES: INFLATION & UNEMPLOYMENT
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MACROECONOMIC CHALLENGES: INFLATION & UNEMPLOYMENT
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Unemployment Rate by Gender
In September 2018, unemployment was at the lowest level due to the Vietnam War, with
little hope of rising shortly. According to the Labor Department's report on Friday, the
unemployment rate reduced to 3.7%, a drastic reduction from December 1969 (Kennedy, 2017).
Employees included 134,000 jobs to be paid salaries, a 96th months of profits in records. Wages
increased at a rate of 2.8% from the initial year, a stable increase although an average rise.
Joblessness under the rate of 4% is very rare in the modern history of records kept. Two of the
highest constant duration witnessed in the Korean and Vietnam Wars when the blend of firm
growth and mobilization of male youths found in the resident labor force. The youthful men
assisted in press unemployment from the market widely. The year 1953, The Korean War
stopped leading to a low unemployment rate of 2.5%.