Author(s): Edmond Dillon
This article examines global unemployment trends and their macroeconomic implications, offering a comprehensive analysis of the factors driving changes in unemployment rates and the broader economic consequences. The discussion covers cyclical, structural, and frictional unemployment, highlighting their varying impacts across different regions and economies. By analyzing recent trends and their causes, the article explores how unemployment influences economic growth, inflation, and social stability. The role of government policies and global economic conditions in shaping unemployment trends is also considered. The article concludes by emphasizing the need for targeted policies to address unemployment and mitigate its adverse macroeconomic effects