According to an article by the Austin American-Statesman, the
unemployment rate in Austin has risen for the month of June. The decline in
state government jobs can be described as cyclic unemployment—a type of
unemployment due to slow economic growth—and is to be expected while school is
out for the summer. Fortunately, local employers have countered the decline by
creating numerous jobs in the technology field.
It is constructive to keep up with the unemployment rate in order to avoid economic problems in the future. By keeping track of unemployment trends the government can ensure a stable economy and act before any unbalances.
It is constructive to keep up with the unemployment rate in order to avoid economic problems in the future. By keeping track of unemployment trends the government can ensure a stable economy and act before any unbalances.
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