Does a lower rate of unemployment indicate a good economic condition?

Ismail, Mazida and Roslan, Shashazrina (2025) Does a lower rate of unemployment indicate a good economic condition? In: Beyond Lectures: Insights from Business Discipline- (Cultivating Writing Culture in Marketing, Management, Finance & Economics). 1 ed. Universiti Teknologi MARA, Johor, Universiti Teknologi MARA, Cawangan Johor, Kampus Segamat, pp. 54-55. ISBN 9786297647043
Abstract

Among the common economic indicators for a country is their unemployment rate. The lesser the unemployment rate means more people in the country are working, thus indicating the country is in a good condition. Is this statement true?

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