In a recent report, it was revealed that the unemployment rate in the country has reached a peak of 7.2%, the highest level in over a decade. This spike has resulted in over 3.5 million people losing their jobs in the past year alone. Additionally, the inflation rate has surged to 5.3%, causing a significant increase in the cost of living. The government has announced measures to address these issues, including the implementation of job creation programs and economic stimulus packages. Experts warn that these challenges could have long-term effects on the economy if not addressed promptly.