After a recession, the unemployment rate will go down.
Unemployment rate
As of October 2021, the unemployment rate in the US is around 4.6%, which is considered moderate. It has been decreasing since the peak in April 2020 due to the impact of the COVID-19 pandemic.
An Economic Recession is a period of economic contraction (The Growth Rate shrinks and becomes stagnant)
The recession worsens into a depression.
There´s a depression
5.4% when the economy is good. 9.5% when the economy is in a recession.
yes because companies save money by cutting employment due to the recession
Recession For A+ Cheaters ( ;
The natural rate of unemployment is the rate that holds over the long-run in equilibrium. In Classical economics, this rate is 0%. With other assumptions, such as frictional and structural unemployment, you will get a natural unemployment rate above 0%. Source: http://www.transtutors.com/homework-help/macro-economics/unemployment/full-employment/
Just the opposite happens. In a recession, unemployment increases and the demand for goods decreases.
High unemployment was an effect of the Great Recession.
Recession