Employers cut more jobs than expected in June and unemployment rate climbed for the ninth straight month, hitting 9.5%.
Keys: Economic activity, business cycle, government
Questions for discussion:
- What does the high level of unemployment suggest about the current and future state of business activities? Explain your thinking.
- Why are the numbers of unemployed people an important concern for predicting the future of economic activity?
- Is there a positive side to these high figures? Explain your answer.