Unemployment means under-utilization or non-utilization of available man-power. Unemployment refers to the state of being unemployed or not having a job i.e. joblessness. A person is said to be unemployed if he or she is looking for work or is willing to work at the prevailing wage but is unable to find the job. India‚ with a vast population of over 2 billion individuals‚ is facing the biggest problem of the century in the form of unemployment of worthy and productive citizens. Our country is set
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Why is youth unemployment so high? May 8th 2013‚ 23:50 by J.F. | NEW YORK YOUTH unemployment is blighting a whole generation of youngsters. The International Labour Organisation estimates there are 75m 15-to-24-year-olds looking for work across the globe. But this figure excludes a large number of youngsters who do not participate in the labour market at all. Among the 34 members of the OECD‚ a club of rich nations‚ it is estimated there are 26m youths not in education‚ employment or training
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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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Youth unemployment The youth unemployment problem has become a major problem in our country. The youth represents more than half of the total population of Bhutan and is considered as a major workforce. The youth are considered as the most energetic class of people who can make either constructive or destructive contribution to the society. If they are not monitored well and remained unemployed‚ both social and economic problems are inevitable. The need is felt to address the social and economic
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1. Identify the type of unemployment referred to in the BBC article and outline the main causes of this form of unemployment. (1) Cyclical Unemployment‚ ment to describe the unemployment associated with business cycles occuring in the economy. Cyclical unemployment occurs during recessions because‚ when demand for goods and services in an economy falls‚ some companies respond by cutting production and laying off workers rather than by reducing wages and prices. (2) Unemployed individuals are
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Unemployment and inflation are two intricately linked economic concepts. Over the years there have been a number of economists trying to interpret the relationship between the concepts of inflation and unemployment. There are two possible explanations of this relationship – one in the short term and another in the long term. In the short term there is an inverse correlation between the two. As per this relation‚ when the unemployment is on the higher side‚ inflation is on the lower side and the inverse
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What caused unemployment in France? This is the underlying question‚ reading through the case‚ it is apparent that many influential people‚ be it‚ high ranking officials in the French government or students like us at Thunderbird‚ have all tried to understand the root problem. Many measures were taken in France during those times of crisis‚ however it is clear to me that all of the laws they have adjusted during that period of 1981-1994‚ have been “Kneejerk” reactions‚ rather than a sustainable solutions
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November 25‚ 2012 Is Nigeriaâs Unemployment Problem Unsolvable? M.A. Adawo‚ E.B. Essien and N.U. Ekpo Department of Economics‚ University of Uyo‚ Uyo‚ Nigeria Abstract: Unemployment in Nigeria is alarming. Its measurement by statistical authorities does not pose red alert. It has been discovered that the observed situation of unemployment is more serious than what official statistics want us to believe. The aim of this study is to examine unacceptable unemployment rate in Nigeria. Our findings show
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According from the article that I read about “The Unemployment Issue Among the Malay Job Seekers”‚ I do not agree with some of the statement that the writer states in the article. In my opinion‚ firstly‚ I do not agree when the writer say that Malays student can’t get along with other races students. From my experience‚ most Chinese students are hard to get along and tolerate with Malays or maybe Indians in school or college. I am not sure the statement is based on what IPT whether public or private
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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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