Markets.News
According to recent reports, the unemployment rate in the country has increased to 7.2% in the past quarter, with an estimated 2.5 million people currently out of work. This marks a significant rise from the previous quarter's rate of 6.5%. Additionally, there has been a decrease in GDP growth, which now stands at 2.1% compared to the previous 3.0%. Experts attribute these changes to a variety of factors, including the ongoing global economic challenges and internal market fluctuations. Job seekers are facing a tough market, with many industries laying off workers and implementing hiring freezes. The government is considering stimulus packages to boost the economy and create new job opportunities in an effort to combat the rising unemployment rate.