What factors increases the vacancy rate? (question is on unemployment)

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Expert Solution

The following are the factors that affect unemployment rate:

Advances in technology can affect employment rates. For example, certain industrial ventures previously requiring people to work on factory lines may now be able to use computer-operated machines instead of employees, depending on the industry.
The corporate values that your company adheres to could impact your employment rate. If potential employees, for example, hear negative stories in the press about the way your company treats employees, this could affect your recruitment process and what type of candidate you are able to hire.
Seasonal fluctuations in certain industries can affect employment. For example, if you own an agriculture or construction company, certain seasons may call for an increase in employees as opposed to smaller necessary work forces during off-seasons.
An economic downturn can increase the unemployment rate. During difficult economic times, companies often resort to eliminating jobs to reduce labor costs in an effort to remain profitable, or even remain viable.

Rahul Sunny answered 1 year ago

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