| | | | |2009 |7.70 |8.20 |8.60 |8.90 |9.40 |9.50 |9.40 |9.70 |9.80 |10.10 |10.00 |10.00 | |2008 |5.00 |4.80 |5.10 |5.00 |5.40 |5.50 |5.80 |6.10 |6.20 |6.60 |6.90 |7.40 | |The current total unemployment in US is getting higher because of several reasons. Firstly‚ the reason of the current total unemployment is 10 percent and it is higher than the year before is because many of the citizens stopped looking for job and so they are considered as unemployed workers. They are technically workers that
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Unemployment as a Measure of Welfare Unemployment‚ as defined in books‚ is a situation wherein a person is jobless but is actively looking for work. To get the unemployment rate‚ we divide the total number of unemployed to the total labor force. Unemployment rate is sometimes used to determine the economic growth of a country. Unemployment has remained high in the Philippines for the past years. Since unemployment means no job‚ it is usually believed to be the cause of poverty. Our government
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Unemployment in United States Unemployment has been a problem throughout the United States since the beginning of 2009. In the most obvious sense‚ unemployment means “being without a job.” The term unemployment is one description of the economic condition of a society at any given time. Low unemployment means the majority of the labor force is involved in‚ or looking for steady work. On the other hand‚ high unemployment is an indication of an economy in recession or even worse. This implies that
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the Depression is largely synonymous with the birth of modern macroeconomics‚ and it continues to haunt successive generations of economists. With respect to labor and labor markets‚ these facts evidently include wage rigidity‚ persistently high unemployment rates‚ and long-term joblessness. Traditionally‚ aggregate time series have provided the econometric grist for distinguishing explanations of the Great Depression. Recent research on labor markets in the 1930s‚ however‚ has shifted attention from
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TABLE OF CONTENT What is unemployment? Pg 3 Types of unemployment Pg 3 What is labor market Pg 5 Labor market and unemployment in Pakistan Pg 5 Labor policy in Pakistan Pg 6 Labor Market challenges faced by Pakistan Pg 7 Causes of unemployment in Pakistan Pg 9 Effects of unemployment in Pakistan Pg 9 Possible solutions Pg 11 How unemployment can be reduced Pg 12 Conclusion Pg 14 Survey form Pg 15 WHAT IS UNEMPLOYMENT? Unemployment is the percentage of
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............................................................................................................... 8 1 Student ID#00001439 Introduction Advanced Economics BUZE600‚ CW1 The analysis of the effect of the minimum wage on unemployment is necessary in order to evaluate whether minimum wages are effective policy tool for bettering economic state of individuals at the bottom of the income distribution – which is the fundamental objective of minimum wage policy. Topicality and importance
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Unemployment or Inflation Wall Street Journal Assignment #1 Unemployment and inflation have an inverse relationship meaning that as one increases‚ the other decreases. According to the textbook‚ an ideal situation for the Federal Reserve would be to achieve both a low level of unemployment and a low level of inflation. After the 9/11 attacks in New York‚ the United States was put in a tragic financial crisis that led to the recession in 2008. While the debate for the causes of the 2008 recession
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Youth Unemployment South-Africa is currently struggling with a large unemployment amongst the youth. The National Development Plan has identified a number of policy interventions to improve youth employment. In your view‚ what are the causes of youth unemployment and what should government do to improve the levels of youth employment? Identify the pros and cons of each of your proposals. “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime” (Chinese
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Some Consequences of Unemployment We often hear about the main causes for unemployment. When consumers buy fewer goods‚ shops and factories may have to reduce the number of workers or close entirely. As the government collects less sales tax‚ civil employees may likewise lose their jobs. Changes in technology may also bring about a rise in unemployment as workers are no longer needed in certain sectors. Natural disasters such as tornadoes and floods may cause so much damage that normal employment
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Unemployment among graduate students Unemployment among graduates is a serious problem in Malaysia. Unemployment describes the state of a worker who is able and willing to take work but cannot find it. A high unemployment rate generally indicates an economy in recession with few job opportunities. In Malaysia‚ today situation is different compare to twenty years ago as there is increase of competitiveness and volatility in labor market. Graduates not only need to compete among themselves‚ but
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