In general, the reason wages might be related to the unemployment rate is that, when business conditions improved, there would be an effect both on the unemployment rate and on a worker's bargaining power. Someone who is laid off when the unemployment rate is less than 6 percent will lose an average of a year and a half's worth of earnings, according to research cited in a 2012 article in The Wall Street Journal. College majors with the highest & lowest unemployment rates These two countries . This is particularly true for school leavers in, for example, Nigeria where the proportion of the unemployed with secondary education increased from 24 to 51 percent between 1974 and 1985. graduate employment rates are probably 3 - 4 times higher than those of older workers, and in many countries in the region open unemployment among graduate . Charted: The Gen Z Unemployment Rate, Compared to Older Generations Unemployment in Canada | The Canadian Encyclopedia Unemployment Rates for States, Seasonally Adjusted. The labour market is the term used by economists when talking about the supply of labour (from households) and demand for labour (by businesses and other . Implications For the Future The Natural Rate of Unemployment. Putting the Gen Z Unemployment Rate in Perspective. The report said the top five states with the highest unemployed population were Rivers (1,673,991), Akwa Ibom (1,357,754), Kano (1,257,130), Lagos (1,088,352) and Kaduna with (940,480). May 6, 2022Veteran Unemployment Rate was 3.0% in April. marilyn minor wife of mike minor. 41 In general terms,the lower the rate of unemployment A)the more difficult it is to recruit employees.B)the easier it is to fill positions. Unemployment Rate - Men vs Women | MacroTrends South Dakota, 4.3%, Vermont 4.6%, and Oklahoma at 4.8% were all below 5%. In the last quarter of 2021, the country saw the highest unemployment rate on record of 35.3%. With increased hiring activity in recent months, unemployment is at historic lows. Unpacking that number . . 4 In the 2001 recession, unemployment went from 5.8% in 2002 to 6% in 2003, even though the recession ended in 2002.