Unemployment remains a major cause for both developed and developing nations, due to which they lose their financial and economic impact as a whole. Unemployment rate prediction achieved researcher attention from a fast few years. The intention of doing our research is to examine the impact of the coronavirus on the unemployment rate. Accurately predicting the unemployment rate is a stimulating job for policymakers, which plays an imperative role in a country's financial and financial development planning. Classical time series models such as ARIMA models and advanced non‐linear time series methods be previously hired for unemployment rate prediction. It is known to us that mostly these data sets are non‐linear as well as non‐stationary. Consequently, a random error can be produced by a distinct time series prediction model. Our research considers hybrid prediction approaches supported by linear and non‐linear models to preserve forecast the unemployment rates much precisely. These hybrid approaches of the unemployment rate can advance their estimates by reproducing the unemployment ratio irregularity. These models' appliance is exposed to six unemployment rate statistics sets from Europe's selected countries, specifically France, Spain, Belgium, Turkey, Italy and Germany. Among these hybrid models, the hybrid ARIMA‐ARNN forecasting model performed well for France, Belgium, Turkey and Germany, whereas hybrid ARIMA‐SVM performed outclass for Spain and Italy. Furthermore, these models are used for the best future prediction. Results show that the unemployment rate will be higher in the coming years, which is the consequence of the coronavirus, and it will take at least 5 years to overcome the impact of COVID‐19 in these countries.

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We propose a new cloud service model called Internet-of-Things (IoT)-Infrastructure-as-a-Service (IoT-IaaS). Under an IoT-IaaS, an IaaS cloud service provider can go beyond offering IoT data streams and offer access to IoT infrastructure to users, the same way data center infrastructure is shared in the IaaS model. We developed a reference design for the proposed IoT-IaaS cloud service model, built from open source components. We demonstrate the proposed reference design in the form of a virtualized-IoT (vIoT) testbed. The vIoT testbed uses the OpenStack cloud management system and Raspberry Pi embedded computers (standing in for IoT devices) configured as Novacompute nodes and LXD containers. We also developed a simple mechanism for shared access to high data rate sensors (a camera) and low data rate sensors (temperature-humidity) by multiple tenants. We tested the performance of container launch times, memory access (with and without ZRAM optimization kernel module enabled), CPU, and file I/O for applications running inside Linux containers and compared it with the same performance when running on the Raspberry Pi's host OS. We conclude that there is no significant performance penalty for executing the edge component of an IoT application inside a Linux container, rather than directly on the device's host OS.

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