Unemployment is a significant economic indicator since it shows workers’ ability (or inability) to find gainful employme

[answerhappygod]

Unemployment is a significant economic indicator since it shows
workers’ ability (or inability) to find gainful employment and
contribute to the economy’s productive output.
Unemployment is caused by a variety of factors on both the
demand (or employer) and supply (or worker) sides. High-interest
rates, global recession, and financial crisis may all contribute to
the reduction in employment from the demand side, while frictional
unemployment and structural employment are important on the supply
side.
Of the several types of unemployment, the major one currently
affecting Nigeria’s economy is cyclical unemployment.