Economics Unemployment Questions
The relationship between unemployment and economic growth is generally inverse. When the economy is experiencing strong economic growth, unemployment tends to decrease as businesses expand and create more job opportunities. Conversely, during periods of economic downturn or recession, unemployment tends to increase as businesses downsize or close, leading to fewer job opportunities. Therefore, a strong economy with high economic growth is typically associated with lower unemployment rates, while a weak economy with low or negative economic growth is associated with higher unemployment rates.