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A population boom or a plague.

In the event of a population boom, the increase in demand thus necessitates an increase in supply, and the people in excess get jobs. Then, through the magical momentum of the market, the workforce continues to get new openings as the market continues to grow.

If a serious plague happened, the unemployed would all die because they have no money to get medical care and those with means wouldn't. However, this may lead to underemployment, as those workers at the bottom of the pay chain can also have a lot of difficulty making ends meet.

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