answersLogoWhite

0

A lower unemployment percentage is more beneficial to the economy because it means more people have jobs therefore less tax money is going to maintain the society and that money can be put to increasing the quality of life.

Also a low unemployment rate shows stability in the job market and less turnover in jobs there for companies annual revenues are higher increasing stock values.

Finishing on the last point, with more people having jobs (hence lower unemployment rate) people have more liquid assets which allow investing in companies that traded on NYSE which circulates into the economy.

User Avatar

Wiki User

13y ago

What else can I help you with?