On average the unemployment rate increases by 7% following a severe banking crisis.

Name: On average the unemployment rate increases by 7% following a severe banking crisis.
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This is a generally accepted trend observed in several countries across the world, including the United States during the Great Recession. However, the exact increase in the unemployment rate may vary depending on the severity of the crisis, the policies implemented to address it, and other economic factors.

On Average the Unemployment Rate Increases by 7% Following a Severe