Unemployment Rate m/m

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Unemployment Rate m/m is an economic indicator that measures the percentage of the total workforce that is unemployed and actively seeking employment in a given month, compared to the previous month. It is an important indicator of the health of the labor market and the overall economy.


Why is it important?

A low unemployment rate indicates a strong labor market and a healthy economy, as more people are employed, which can lead to higher consumer spending and economic growth. Conversely, a high unemployment rate can indicate a weak labor market and a struggling economy, as fewer people are employed, which can lead to lower consumer spending and decreased economic growth. Unemployment Rate m/m can also be used to track changes in the labor market over time and to monitor the effectiveness of government policies aimed at reducing unemployment. It is a crucial indicator for businesses, investors, and policymakers as it can inform decisions about hiring, investment, and monetary policy.

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