calling “The Great Recession” unemployment rates among recent college graduates in the United States has reached its highest rate since the 1970s. According to a study done by Northwestern University and Drexel University in Conjunction with the Economic Policy Institute based on data collected by the Census Bureau’s Population Survey of the U.S. Department of Labor approximately 18.4% (more than half a million) of bachelor’s degree recipients reported unemployment. This shocking statistic can be
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because they are not properly skilled to do the job. Stronger Rand: The stronger rand makes exports more expensive‚ leading to liquidation and unemployment. Businesses will earn less foreign currency. Overseas buyers will find other suppliers because the rand is strong. They will pay more. The businesses will close down‚ leading to unemployment. Just like any other country the causes are almost in general terms: lack of education‚ poverty‚ squalid living conditions and corruption from
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WOMEN WORKERS IN INDIA IN THE 21ST CENTURY – UNEMPLOYMENT AND UNDEREMPLOYMENT THE GLOBAL ECONOMY has created a flexible labour market and the myth of ‘feminization of work’‚ in reality; it has led to unemployment and underemployment of women in India. One study puts female unemployment at six to seven times that of men. In the rural areas‚ 30 lakh women have lost jobs in agriculture and livestock. Women have lost 1‚ 45‚000 jobs in the textiles sector during 1994-2000. Female underemployment
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Contemporary Economic Analysis: Written Assignment The Impact of a Reduction in Sunday Penalty Rates for Casual Employees on the Price Mechanism The Australian Financial Review recently published an article titled “Sunday penalty rate to be cut to 50pc” (Dunckley 2014). In summary: A Fair Work Commission ruling has reduced the 75% penalty pay rates for casual employees in Australia who work on Sundays to 50%. Penalty rates
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Name: Mohamed Sadeq Mohideen Module: Contemporary Economic Policy Topic: What is the natural rate of unemployment and explain why unemployment rates are sometimes inaccurate. How can governments mitigate unemployment problems in the short run and long run? Unemployment is always the result‚ when the available workplaces cannot adapt to the job seekers. When the number of persons‚ who offer their working capacities‚ exceeds the number of available workplaces‚ this leads to a lack in
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Unemployment is present in every economy and measures how healthy an economy is. It is when workers who are able and willing to work don’t have jobs. It is quite impossible to reach zero unemployment no matter how high aggregate demand is because there is always ’natural unemployment’ that would occur in most businesses booms. A country measure’s unemployment by taking the unemployment rate‚ which is the number of unemployed‚ expressed as a percentage of the labor force. (Labor force-the total number
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to prevent the increase in number of suicide deaths and attempts‚ one must know what the leading causes of it are. Suicide rates change over time‚ and the factors influencing them remain poorly understood. Economic factors‚ in particular unemployment & income growth‚ have been suggested as a major influence. History would tell us that economic factors really affect suicide rates. From 1928 to 2007‚ suicide rates has risen and fallen in tandem with the economy. It spiked at the onset of the
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International Campus KUALA LUMPUR | UHB 2422ADVANCED ENGLISH FOR ACADEMIC COMMUNICATION | Draft 1 (One) Title: High rate of unemployment among graduates in Malaysia; causes‚ problem and solution Submitted to : Mr. Shamshul Helmy Zambahari (Mr.Sham) English Lecturer UTMSPACE‚ KL International Campus UTM‚ Jalan Semarak 54100 Kuala Lumpur Prepared by: : 1. Wan Zaizul Adlan B. Wan Zulkifli (SX070956EEJ04) 2. Mohd Nazim B. Zakaria (SX080641EEJ04) 3. Fuad
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162 Microeconomics Title : Minimum wage will cause unemployment‚ inflation‚ say employers‚ economists Group: JBM1123u Group Members: Muhammad Asyraff bin Ab Hamid 2010357469 : Mohamad Lukman bin Abd. Manaf 2010114997 : Muhammad Faiz bin Mustafa 2010504183 Lecturer: Miss Diana binti Mazan Executive Summary Minimum wage policy will lead to surging unemployment‚ “black market” labour and inflationary pressure‚ employers
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Since the recession the United States economy faced in 2008 and 2009‚ the economy has been slowly recovering. Currently‚ the unemployment rate in the United States is 4.9%(“Unemployment Rate” ). The Federal Reserve predicts that by the end of 2017‚ the unemployment rate to decrease to 4.8 % (“Economic Outlook” ). Inflation is also decreasing and it is expected to continue to until 2017 ( “Economic Outlook”). As inflation decreases‚ the price level will fall and the purchasing power of consumers
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