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Case study question:
Which country experienced a higher unemployment rate?
The unemployment rate is defined as the ratio of the number of people unemployed in an economy
to the total size of the labour force. The labour force is the sum of the number of people employed
and unemployed. The unemployment rate is one of the most closely followed macroeconomic
indicators by economists, policy makers and the industry. Many economic, social and financial
factors can have varying effects on the unemployment rate. The Excel file in Canvas contains the
World Development Indicators unemployment rate (annual, %) dataset of the World Bank from
1991 to 2021 for a set of countries including the two countries you have been assigned.
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