Why does the unemployment rate matter when it comes to controlling inflation?
- 27 September 2023
- Posted by: Federica Montella
- Category: Investing
Video Transcript
Why does the unemployment rate matter when it comes to controlling inflation?
When unemployment is high, it means lots of people are looking for work, but there aren’t enough jobs available.
On the other side, when inflation is soaring, prices for goods and services keep going up!
When unemployment is low, and everyone’s working, it’s great, right?
But that can lead to higher inflation, as demand for goods and services outpaces supply!
So, controlling the unemployment rate is crucial to maintaining a healthy balance, and keeping inflation in check and the economy stable!
What are the unemployment and inflation rates in your country? Let me know in the comments.
Do your research and Invest with PassionForProfit
Bye
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@federicamontella Why does the unemployment rate matter when it comes to controlling inflation? When unemployment is high, it means lots of people are looking for work, but there aren’t enough jobs available. On the other side, when inflation is soaring, prices for goods and services keep going up! When unemployment is low, and everyone’s working, it’s great, right? But that can lead to higher inflation, as demand for goods and services outpaces supply! So, controlling the unemployment rate is crucial to maintaining a healthy balance, and keeping inflation in check and the economy stable! What are the unemployment and inflation rates in your country? Let me know in the comments. Do your research and Invest with PassionForProfit Bye #unemploymentrate #controlinflation #jobavailability #inflationsoring #lowunemployment
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