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Each method has its own biases and the different systems that make comparing unemployment statistics between countries very difficult. Moreover, Unemployment has an impact in society and our economy. There are several costs involved in unemployment, but on the other hand, there is a benefit involved with it too. The likely costs include increased poverty, crime, political instability, mental health problems, and diminished health standards. But it is beneficial for the entire economy because it keeps inflation form being high. The unemployment rate is the impact of the economy has on people.
There are two permanent government projects conducted by the United States Census Bureau or the Bureau of Labor Statistics for the United States Department of Labor that gather employment statistics monthly...
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