- Unemployment Rate: Australia
- Unemployment rate: Measures the number of people who are actively looking for a job as a percentage of the labor force.
- In April 2016, the unemployment rate in Australia was 5.7%.
- Unemployment Rate: United States
- In April 2016, the unemployment rate in the United States was 5%.
- Unemployment Rate: Australia+United States
- The unemployment rate in Australia was 5.7% in April 2016. This relates to costs and benefit analysis. This is because in order to decide how to fix the amount of people who are unemployed, the government and other people would have to weigh the gains and losses. The unemployment rate in the United States was 5% in April 2016. This relates to the business cycle, because when the unemployment rate is at a very high point, the economy would be at a trough. The Australian unemployment rate is higher than the United State’s unemployment rate.