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When the Unemployment Rate Is Low, There Are Fewer Qualified

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When the unemployment rate is low, there are fewer qualified workers looking for jobs. This labor market condition may encourage companies to raise wages in order to recruit or retain employees.


Definitions:

HR

An acronym for Heart Rate, which is the number of times the heart beats per minute, an important indicator of cardiovascular health.

Right Atrium

The right upper chamber of the heart that receives deoxygenated blood from the body.

Pulmonary Trunk

A large blood vessel that carries blood from the right ventricle of the heart to the lungs for oxygenation.

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