Unemployment Rates

Picture this everyday situation; you hold a job in a large corporation dearly, knowing that your job may be torn away from you and your life. A fateful, ruthless unemployment crash hits your city and you are left in a crowd of the unemployed. You wonder and question; how you are going to support your family and how you will be able to pay off your bills? Welcome to unemployment. By losing your job you, yourself alone, now have increased the unemployment rates in your area; joining the other hundred or thousand of others lacking a job. Unemployment rates have hit countries around the world. These rates in the world vary from state to state, country to country, and continent to continent. The term unemployment rate is the percent of jobless people in an area. When people lose their jobs and become unemployed the rate will increase. This is the epidemic that is spreading across the world's economy.