Between 2013 and 2014, the unemployment rate was around 10 %.

A sudden drop occurred in

march of 2014 but was soon recovered in the middle of the year. Then, a more rapid decline took
place which reached to the lowest unemployment rate of these 4 years. However, the rate of
unemployment soon started to continuously increase from 2015 to 2016 from 3% to 14%

87.7*0.139=12.2

An economics boost happened in this country which promoted the local economy and firms. Firms
started to hire more labor to mount the productivity. However, the situation which the
unemployment rate constantly grew was because the demand for the goods and services was not
meeting the supply. In other words, there was more supply than demand in the market. Thus, firms
would cut employees for maximizing the benefits and lower the cost of productions.