Namibia Unemployment Rate NAMUNEM Economic
Overview Summary for the Selected Time Period
This overview provides a summary of the selected indicators, including their latest values, changes over time, and key statistics.
Settings
Value Chart Percentage Changes
Value Overlay ChartPercentage Changes
Learn More
This page just gave you an overview, you might also want to check out the comprehensive stats, historical, and correlation pages.
What is Namibia Unemployment Rate?
The Namibia Unemployment Rate, identified by the ticker NAMUNEM, is a crucial economic indicator reflecting the percentage of the labor force that is actively seeking employment but unable to find work. This metric provides a direct measure of labor market health and is a key focus for economists and policymakers. A high unemployment rate signals underutilization of human capital, potentially leading to reduced consumer spending, lower tax revenues, and increased social welfare costs. Conversely, a declining rate suggests a robust economy with growing job opportunities and increasing economic output. The rate is calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100. The labor force includes both employed and unemployed individuals actively looking for work. Changes in NAMUNEM are closely monitored as they can indicate shifts in economic growth, investment levels, and the effectiveness of government policies aimed at job creation and economic development. A rising rate often precedes economic slowdowns, while a falling rate typically correlates with economic expansion.
Read more🤖 AI Analysis
This website uses cookies for essential functions, other functions, and for statistical purposes. Please refer to the cookie policy for details.
This feature requires functional cookies. Please refer to the cookie policy for details.
Trade hundreds of crypto perpetual futures