Question

• Why is unemployment mentioned in business news so often and used as an important metric for our economy?

Answer 1

Unemployment is actually mentioned in the business news very often because of the fact that it tells how many people are not getting paid in the country where it is directly related to the health of the economy and the people where if the unemployment continuously increases then the number of people moving towards poverty also increases which is the reason why it is very important to understand why it is used as an important metric for our economy because it is directly linked to the Welfare of the people unike indirect measures like GDP etc. this is the reason why unemployment is so mentioned in the news and in the recent times due to the pandemic, it has been continuously increasing as well