Divya Mishra, Director Public Relations at Mr Right Director
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Unemployment Rate a function of Population and Economic conditions

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The objective of the project is to study the relationship between Unemployment rate, economy and the population in United States of America. The Unemployment rate is defined as the ratio of number of people not on job to the total labor force of the country. The GDP (Gross Domestic Product) defines economy or the economic conditions. The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period, classically a fiscal year. The GDP considers the market value of goods and services to arrive at a number which is used to judge the growth rate of the economy and the overall economic health of the nation concerned. Population is the number of people inhabiting a country. Both economy and population affect the unemployment rate in any country. When the economy is good, the unemployment rate is expected to be low and vice versa. Similarly when population is less, everybody get job and so rate of unemployment is low and vice versa. There are other factors also other than population and GDP which affect unemployment. Unemployment is a researchable issue and is a social problem. It is a social issue in the global economy and the workplace.