ANSWER:
Pros: More jobs, fewer employees. A low unemployment rate indicates there are fewer available workers for each job opening thus provides an advantage to job hunters and give more opportunity to Americans on the margins of the labor force, inclusive of those who are disabled people, less educated, and ex-offenders
Cons: Slower the growth of economy. If employers can’t find enough workers, they can’t satisfy all of the demand they’re seeing from clients. Thus indicates they’re not delivering as much products and services as they could, which translates into slower growth of economy. The slower growth eventually leads to less hiring.
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