Youth unemployment is one of the most critical challenges the world is facing today: young people make up almost half of the world’s unemployed‚ despite accounting for only one quarter of the working population. Youth unemployment is the unemployment of young people‚ defined by the United Nations as 14–28 years old. An unemployed person is defined as someone who does not have a job but is actively seeking work. In order to qualify as unemployed for official and statistical measurement‚ the individual
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Unemployment Unemployment occurs when people are without work and actively seeking work. Africa is deeply affected with a high rate of unemployment especially among the youth. Africa is now having the most youthful population in the world with the youth covering close to between 60% and 70% of the continents population. This menace poses great threats to the strength and growth of Africa. Though unemployment is seen manifested all over the world‚ the case of Africa is very dilapidating to say
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reduces‚ then eventually eliminates the need for human intervention.” said by Ankit Kumar Srivastava (Srivastav‚ 2013) With the development of technology‚ the US president‚ Barack Obama argued‚ in June 22‚ 2011‚ that the automation would cause some unemployment in a way. While‚ the opposite side like Milton Friedman came up with lot of drawbacks of low-level technology to the society. Objectives There are three objectives in this report. The first one is to find the
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PHILIPPINES UNEMPLOYMENT RATE Unemployment Rate in Philippines increased to 7.50 percent in the first quarter of 2013 from 7.10 percent in the fourth quarter of 2012. Unemployment Rate in Philippines is reported by the The National Statistics Office (NSO). Philippines Unemployment Rate averaged 9.09 Percent from 1994 until 2013‚ reaching an all time high of 13.90 Percent in March of 2002 and a record low of 6.30 Percent in September of 2007. In Philippines‚ the unemployment rate measures the number
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Bartolotta Ms. Decap English 10 January 17 2014 Unemployment Proposal Unemployment rates are skyrocketing. According to the Internet‚ 12% of the U.S. population is unemployed. Unemployment not only effects the lives of the unemployed‚ but their families and communities too. The stress of unemployment can lead to declines in individual and family well-being and could potentially effect the outcomes of their children. Widespread unemployment in neighborhoods reduces resources‚ which may result
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Unemployment in Nigeria is one of the critical and major problem the country faces in its present years. This has actually contributed to numbers of societal malaises among Nigerians and can be traced to the malfeasances of all the governments that have been ruling Nigeria since independence. BY Perhaps‚ this is also due to the inferiority complex nature of a black man to the superiority of others. This problem has gone far worse than minds could in imagine putting lots of people under condition
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Macroeconomics Assignment: Unemployment Unemployment Data for August of 2013 Employment (rose/fell/remained unchanged)‚ and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month. Total nonfarm payroll employment increased by 169‚000 in August‚ and the unemployment rate was little changed at 7.3 percent‚ the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. The jobless rate had
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fade‚ and many of them have dropped out of the workforce entirely‚ discouraged by their inability to find work. That‚ in turn‚ has weakened the total potential of the U.S. economy. This is an extremely worrisome situation. It means that long-term unemployment isn’tjust a temporary ailment that will heal itself as the economy keeps rebounding. It has left permanent scars. The U.S. economy will never be as productive as it could have been had we figured out how to get people back to work more quickly
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Unemployment means being out of job or a situation where the individual is willing to work but has none. It either means that they are over qualified for the given work or it is not suited for them. People are unemployed because of insufficient demand of work. Unemployment is a huge challenge facing Philippines. Since that this is one of the countries that have high unemployment rates‚ it slows the growth of the country. Parkin et al‚ states that “To be counted as unemployed‚ a person must be available
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The structural unemployment in the Bahamas Tourism and banking which are the Bahamas’ primary and secondary industries are owned by foreign sectors‚ the gross domestic product is at $3065130000 and total household income is at $1793372500. The Bahamas suffers from Dualism which is the doctrine that reality consists of two basic opposing elements‚ often taken to be mind and matter (or mind and body)‚ or good and evil. There should be a dualism by types of ownership whether a foreign sector or Bahamian
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