Question

How unemployment is currently impacting life in the United States based on an economics point of view.

(Please provide your own answer and do not copy/paste another chegg expert answer that was provided previously for another student)

Answer 1

Let us understand how unemployment is currently affecting in the united states based on the economic point of view.

• Unemployment in united states reduced the economic conditions of people.
• Unemployment in united states makes difficult to lead their life for the basic necessities such as home rent, food, clothing etc.
• In the current scenario of covid 19 outbreak, some people are unable to take up the medication for the covid 19 due to unemployment.
• Unemployment in united state have reduce the income of common people.
• Unemployment in the united states have reduced the tax revenue collection to the government.
• Unemployment have led to low living standards.

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