Abstract
According to the classic macro-economics, a region with higher GDP would have a lower unemployment rate. However, the unemployment rate in California, the state often gets the greatest GDP amount in the US, often exceeds the one in Texas. It contradicts the standpoint above. Inspired by an article written by Joe Weisenthal, I suspect it has something to do with the different house prices in California. The following article will explain the relationship between the unemployment rate and the housing price in a region.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.