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One way is to raise unemployment benefits and reduce taxes for the lower paid worker so that the poorest groups of people have more cash and are able to consume (purchase) more. This would increase demand which obviously requires a following increase in manufacture for supply which increases demand for workers. The Prime minister of Australia did this when the latest bad financial troubles started in the world. Australia never even went into negative growth and survived virtually undamaged by doing this, while all the other (supposedly smart) economies went downhill badly.
Base the taxation of the wealthy; on the quantity, and quality of jobs they create with their wealth! Have $$$ working for the country; and not just for the rich
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What has happened to the unemployment rate in the last 30 years?
From 1983 to 2013 (that was the best information I could get at this time, sorry...), the unemployment rate has gone from 9.6 to 7.4, or a decrease of 23%.
What is the Unemployment rate now?
What is the national unemployment rate
What was the unemployment rate in the US for August?
The Official Unemployment rate (U-3) in US for August 2011 was 9.1.Below are the other unemployment rates in US for August 2011 :U-1 Unemployment rate : 5.4U-2 Unemployment rate : 5.3U-3 Unemployment rate : 9.1U-4 Unemployment rate : 9.7U-5 Unemployment rate : 10.6U-6 Unemployment rate : 16.2
If the Gross Domestic Product shrinks by 2 percent then according to OKuns rule what will be the change in the unemployment rate?
Okun's rule states that for every 1% increase in the GDP growth rate, the unemployment rate will decrease by about 0.5%. Therefore, if the GDP shrinks by 2%, the unemployment rate is expected to increase by about 1%.
What is the current rate of unemployment in Fiji?
As of 2021, the unemployment rate in Fiji is around 20%.
What is the unemployment rate in Italy?
The estimated unemployment rate is 8.4% in Italy
What was the unemployment rate in India in 1991?
The unemployment rate in India in 1991 was approximately 3.4%.
Why is unemployment rate important?
The unemployment rate can be a good indication of the economy's state. High employment rates show a lack in the growth of the economy and vice versa. Also, high levels of unemployment result in a decrease in general consumption (people have less money to spend as they are searching for jobs) and this will contribute to slow business growth.
What is unemployement rate of Pakistan?
The Unemployment rate of Pakistan is 15.4%.
What is Italy's unemployment rate?
The estimated unemployment rate for Italy is 6.8% (2008).
Which region of Oceania had the lowest unemployment rate?
Polynesia has the most unemployment rate.
What was the unemployment rate in October 1984?
The unemployment rate in October, 1984 was 7.3 %.
