is able and willing to work yet is unable to find a job. Unemployment rate is the number of people officially unemployed divided by the labor force. Official unemployment measures those over the age of 16 who are able for employment‚ but are unable to obtain a job. The labor force is the number of people over the age of 16 who are either employed or unemployed. In year 2005‚ unemployment rate in Malaysia (3.0%) higher than unemployment rate in Cambodia (2.5%). Malaysia is a heaven for job seekers
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KATILI UNIVERSITY OF NAIROBI WELFARE ECONOMICS PROFESSOR KAMAU Abstract Unemployment can be defined as a state where by people are unable to contribute to the economic growth due to lack of jobs. These people must however be qualified and constantly looking for a job without any success. They therefore fail to secure an opportunity that can enable them to earn their living. Because of unemployment‚ people are unable to contribute to the economic growth‚ not because they are weak‚ but
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COSTS OF UNEMPLOYMENT Some people believe that recessions are neither good nor bad but simply part of the natural survival of the fittest in the business world. Actually‚ it is not true. In The Costs of Unemployment‚ the authors tell us both the good and bad influences of recessions. Recessions will cause unemployment because of the loss of output and GNP. Some people may argue that unemployment is ¡°a part of the functioning of the economy¡±. They are partly right‚ for the unemployment is inevitable
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Define the Problem: The real national unemployment rate is higher than the U.S. Department of Labor’s December figure shows. When the underemployed and discouraged are added to the unemployment numbers‚ the national unemployed rate rises to 16.6%. This causes morale to be low and Americans seem to be giving up. Variables Identified by Order of Influence: 1. The government no longer counts people as unemployed when they stop looking for work. The unemployment numbers don’t account for part-time
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09/20/2013 U.S. Unemployment Issues Fluctuation of unemployment rates is a natural occurrence in any economy. Many speculate that if something cannot be done to resolve the current issues plaguing the rate of unemployment in the U.S. the result will soon be an economic crash resembling the Great Depression of the 1930’s. This is something that we as a nation continue to address but cannot seem to get under control‚ causing our economy to sustain substantial damage. This is a highly debated issue
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Unemployment Problem in Bangladesh Bangladesh is a poor country. The country has many problems. Unemployment is one of the major problems on Bangladesh. Unemployment means to remain without work. This problem hampers our all round development. Many causes work behind unemployment. Ours is an agriculture country. People cannot work all the year round. In agriculture there is some seasonal work. After the seasonal work people become workless. As a result they become unemployed. We have a traditional
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Unemployment Issues in the United States Carson Hall Sales Dr. Ajith Silva BEHS210 Section 6380 Semester 1309 Table of Contents Introduction and Statement of Purpose Ronald Reagan once said that “Unemployment Insurance is a pre-paid vacation for freeloaders.” However‚ unemployment is not defined by voluntarily deciding to leave a job. Involuntary termination comes in two forms‚ dismissal and layoff. If the employee is dismissed‚ or “fired”‚ then it was their fault for not complying
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Inflation vs. Unemployment Inflation and unemployment are two key elements when evaluating the economic well-being of a nation‚ and their relationship has been debated by economists for decades. Inflation refers to an increase in overall level of prices within an economy; it means you have to pay more money to get the same amount of goods or services as you acquired before and the money becomes devalued. For example 10 dollars seventy years ago had the same buying power that 134 dollars have today
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to get their coveted jobs. Not only unemployment among rural graduates and post-graduates is higher‚ but also they lack basic skill-sets to fill the demands of market economy. The dangerous trend‚ if anything‚ may offset the gains by India at the literacy front. While the country has added more literates in rural India from 58.7% in 2001 to 68.91% in 2011‚ the job market hasn’t kept pace with the growing demands of job seekers from villages. The bigger cause for concern according to the labour
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Increasing global women unemployment threat to economy. The International Labour organization shows the gap between the males and females in global labour market was in control in the early 1990’s but it gradually increased significantly after the global economic crisis in 2007.Huge women unemployment is seen in most of the developing countries. In developing countries women involves in trade related sectors. Women contribute to the economy in large scale. Most of the domestic‚ cottage or small
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