The Impacts of Low Unemployment Rates on the Labor Market

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The Impacts of Low Unemployment Rates on the Labor Market

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The article highlights the impacts of low unemployment rates on the labor market. While high unemployment rates are mainly considered negative for the job market, low rates also have some negative impact on the market on the side of employers. As a result of the low unemployment, it becomes relatively difficult for employers to find people to hire, and hence they have to relax their employment rules. In the context of this case, the recruiters have gone as far as hiring inmates to work for them as a result of the lack of people seeking jobs in the labor market.

Word Count: 250