In a properly operating,dynamic economy,

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In a proper operating dynamic economy, we would expect to have some level of unemployment due to normal structural and frictional factors. Structural unemployment occurs due to changes in the structure of the economy, such as from technological advancements or changes in consumer demand, while frictional unemployment occurs when individuals are between jobs or are searching for a new job. These normal levels of unemployment are considered natural and healthy for the economy. A zero percent unemployment rate would mean that every individual who wants a job has one, which could suggest that there are not enough workers to meet demand or that wages are artificially high. A very high unemployment rate during economic booms also indicates that there is a problem with the economy. Finally, the employment/population ratio cannot be 100 percent, as some individuals will not be able to work due to disabilities, illness, retirement, or other reasons.

In a Properly Operating,dynamic Economy