South Africa has had a pervasive unemployment problem for the past forty years (Lam‚ Leibbrandt‚ & Mlatsheni‚ 2007). According to the Quarterly Labour Force Survey conducted by Stats SA (2012)‚ of the 10.4 million South Africans within the ages of 15 and 24 years‚ 3.3 million (31.6%) are not in employment‚ education or training (NEET). The South African government realized that unemployment‚ inequality and poverty in South Africa are a problem and thus appointed the National Planning Commission
Premium Economics Supply and demand Unemployment
2013 SOUTH AFRICAN LIBRARY WEEK 1. Background The South African National Library Week is a library event that is celebrated annually in the country and it takes place during the month of March. This is when libraries raise more awareness about the importance of libraries. The celebration will take place from the 16th to the 23rd March 2013. Libraries throughout the province will also be promoting library week in their respective communities. The theme for 2013 South African Library Week is
Free Library Librarian Public library
Macroeconomics‚ 12e (Gordon) Chapter 2 The Measurement of Income‚ Prices‚ and Unemployment 2.1 Why We Care About Income 1) Job openings are plentiful when the A) actual real GDP is above the natural real GDP. B) natural real GDP is above the actual real GDP. C) natural real GDP is increasing rapidly. D) None of the above. Question Status: Previous Edition 2) The real income per capita is a measure of the A) well-being of every individual in the nation. B) well-being of the average individual
Premium Gross domestic product Unemployment
UNEMPLOYMENT AS A PROBLEM OF NEWLY GRADUATES IN THE PHILIPPINES Introduction The country’s education system continues to turn out college graduates whose training and skills are not attuned to the needs of the labor market both at home and abroad. This is the lament of human resources and labor recruitment officials who decry the continuing popularity of glamorous and white-collar courses that produce diplomas but not well-paying jobs. The criticism had been voiced many times in the past
Premium Labour economics Employment Human resources
Eurozone unemployment and inflation both rise 01 March 2012 by Daniel Mason Eurozone unemployment rose to a record high in January‚ while inflation in the currency bloc has also continued its upward trend - a combination described by economists as "unpalatable" and a "double whammy of bad news". The jobless rate in the 17-member currency bloc was 10.7 per cent in January‚ up from 10.6 per cent in December‚ according to statistics published today by Eurostat. It means that‚ in January‚ there
Premium Unemployment Inflation Monetary policy
Employment: To what extent has unemployment affected society? Unemployment means being out of job or a situation where the individual is willing to work but has none. The government and the nation suffer due to unemployment. In many countries the government has to pay the unemployed some benefits. The greater the number of the unemployed or the longer they are without work the more money the government has to shell out. Therefore‚ the nation not only has to deal with the lost income and decreased
Premium Unemployment Economics Inflation
Unemployment in Hungary-the effect of the economic crisis Unemployment in Hungary- The effect of the economic crisis I. Introduction One of the most serious problems in Hungary is the unemployment. People are trying to find solutions to beat the unemployment but yet those efforts were hopeless‚ and they are still fighting to create job possibilities for the unemployed people. The economic crisis which occurred all over Europe brought a big change on the whole world. Because of the
Premium Economics Inflation Unemployment
Fiscal Policy for reducing the unemployment rate The employment rate is quite an important variable to a country because it represents the country’s economic situation is good or bad.In order to reduce the unemployment rate‚both demand side policies and supply side policies can be used.On the demand side‚there are fiscal policy and monetary policy.While on the supply side‚there are many policies like improving labor market flexibility‚employment subsidies‚better education and training‚lower employment
Premium Macroeconomics Keynesian economics Inflation
Unemployment and the Labour Force: Their Affect On the Economy This essay looks at how the level of unemployment (or employment) and labour force participation affect the economy as a whole. For the purpose of this essay I will concentrate more on unemployment‚ as this adversely affects the size of the labour force‚ whereas labour force participation does not affect the level of unemployment in the same manner. In reality‚ the two work hand in hand and it is vital that they both retain an
Premium Economics Unemployment Inflation
economy. This hence attributes to the unemployment rate which has reached the highest in n the United States since 1983. Unemployment rate has always been one of the key economic indicator that investors and traders look at for direction of the market. The reason being that unemployment may bring about serious consequences to the economy. This essay will discuss the two types of unemployment and the economic cost of unemployment to a country. Frictional unemployment arises because people changing jobs
Premium