Why is reducing unemployment important for the economy and for a country in general?

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All I have is when people are unemployed they are unable to pay off debt, rent, doctoral bills, groceries and unable to spend money. Any more help?

  1. Reply
    Colonel Mustard
    November 10, 2011 at 11:58 am

    It is wasted labour. It also represents a debt for most governments as they have benefits in place for unemployed people.

  2. Reply
    November 10, 2011 at 12:04 pm

    When people are employed they are contributing to the economy by their labor and the wadges they earn.The county is better off because it gets increased tax revenue instead of paying unemployment benefits.

  3. Reply
    November 10, 2011 at 12:22 pm

    more money changing hands means more tax, plus the more money people have the more the prices go up so even more tax

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