Unemployment rate and economic growth after COVID-19
Mohamed Yosef
Data Scientist
Data Visualizer
Statistician
Python
Unemployment rate and economic growth after COVID-19
The goal of the project is to explore the relationship between the growth rate of the economy and the unemployment rate in the last four years since COVID-19.
Installation
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As anticipated, our analysis reveals a clear relationship between unemployment rates and GDP fluctuations. Notably, during the challenging year of 2020, when unemployment rates surged, we observed a corresponding decline in GDP.
This observation underscores a fundamental economic principle: "With lower unemployment rates, we are more likely to achieve higher gross domestic product (GDP)."