By: Sonia Wei
Macroeconomics is a field that studies how the aggregate economy behaves. The “behaviors”, such as inflation, price levels, national income, gross domestic product and changes in unemployment are closely related to job availabilities and opportunities. When inflation occurs in a nation—general increase in prices causes the fall in consumption—the economy declines. The downfall of economy resulted shortage in funds for companies. Companies then have to cut down their employees to alleviate such conundrum. This synchronic layoff causing more unemployment in the nation and fewer job openings. Gross domestic product of macro-economy also has to do with vacancies. Gross domestic product is the “total value of goods produced and services provided in a country during one year” (Wikipedia). As people in the country starting to demand more, this value increases which mean an increase in production. As a result, companies will open more positions to keep up with this increment. People would then have more possibilities and opportunities to obtain a job. Moreover, if most people have a job, the economy would rise as well. The more people who have an income, the more taxation the nation will received which increase the national income as a whole. If the national income rises, governments would use the funds to create more programs for their people which can lead to more enterprises and more job openings. Macro-economy and job openings are interacting. Many aspects of the economy like taxation, inflation, and etc. are all factors that can affect the possibilities of acquiring a job. In general, as the aggregate economy boosts, more jobs will be available.
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