Unemployment in Mexico and USA and Comparison between them Essay

Unemployment in Mexico and USA and Comparison between them - Essay Example This topic is of high interest as it will help in analyzing the overall economic conditions of two important economies; the United States and Mexico. A comparison between the Unemployment levels of these two countries will also be presented. Unemployment represents the number of people that are not working or jobless (Wessels, 2000). During the recession, the Unemployment level of country increases as more people lose their jobs (Mankiw, 2009). The global recession of 2007-2008 resulted in a large number of people to lose their jobs in different parts of the world. Unemployment level was showing a decreasing trend internationally, as presented in the graphs below until the economic recession that hit the world global market. From 2007, the unemployment level of the world increased drastically; however, it has decreased in the last two years or so.The unemployment level in the United States and Mexico also increased drastically after the recession. However unemployment level increased more in the USA than in Mexico.Data will be collected from different renowned websites such as World Bank and other authentic published reports. The research will be quantitative and qualitative. Literature review section will cover the qualitative data and analysis section will cover the quantitative data. The relationship between the unemployment levels of these two countries will be analyzed, and a comparison will be presented. Statistical tools will be applied to analyze the unemployment level.