Global Risk Briefing : Unemployment
This study is based on data research done by Bloomberg, IMF and ILO. Many researches and data scientist are involved in this research so as to provide the overall overview of the global unemployment index throughout the year 2017. Unemployment Figures are 2017 estimates by the International Labour Organization for those in the labor force aged 15+. Unemployment can serve as a proxy for the overall health of the economy. Long-term high unemployment levels eventually lead to less spending power among consumers, lower tax revenues for governments and possible social unrest. Effect of unemployment in relate to business opportunities: Higher unemployment will mean that many households will have less income. For many businesses, this will result in lower sales as people spend less. However, the demand for some products and services will increase when unemployment is higher. This is because consumers swap to cheaper alternatives. Such goods and services are often supermarkets’ own-brand ...