Employment: The Primary Engine of Economic Growth and Prosperity

EMPLOYMENT: WHAT IS IT?

It is a major economic engine and a vital indicator of economic expansion. According to the International Labor Organization, “people of working age who are without work, available for work, and actively seeking job” are considered unemployed. As a result, those who are employed are those who hold down jobs, while those who do not but are actively seeking jobs are considered unemployed. Although not perfect, the unemployment rate is a crucial consideration when doing fundamental analysis and is comparable to the fundamental economic concept of supply and demand.

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