The unemployment rate is the number of people actively looking for employment divided by the labour force. The labour includes adults over the age of 16 who are employed or actively looking for work. The unemployment rate fluctuates because the previously unemployed people start looking for work‚ people who were employed lose their jobs and others stop looking for jobs. South Africa’s unemployment rate at the moment is 25.2%; the number of unemployed people is 4526 divided by the labour force of
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Introduction Unemployment is a huge challenge facing South Africa. There are many people who are looking for jobs but cannot find them mostly because of the slow economic growth rate in the country. South Africa faces structural unemployment where people loose their jobs due to introduction of new technology or relocation of the company‚ these economic disruptions have resulted in high crime rates‚ low production and income as well as lost human capital. The NDP has been put in place to solve the
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Compare and contrast alternative views on the nature and possible causes of unemployment and evaluate the effectiveness of demand and supply management policies to combat it This essay will compare and contrast alternative views on the nature and possible causes of unemployment. It will then go on to evaluate the effectiveness of demand and supply management policies that try and combat unemployment. I will be discussing unemployment in two parts- short run and long run and evaluating the effectiveness
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insight on a very critical issue rising in our global economy‚ that is to recognize “OVERPOPULATION IS BAD BUT OVER-CONSUMPTION IS WORSE”. You know it is very interesting how Dr. David Suzuki published this article in 1993 pointing this issue of over-consumption about 18 years ago‚ I only wish he could see how economy has taken over us in these 18 years. ( a drastic variation it has been ) His article “overpopulation is bad but over consumption is worse” is portraying the present situation very precisely
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three types of unemployment are: frictional‚ structural‚ and cyclical (Littenberg & Tregarthen‚ 2009). Frictional unemployment exists because it takes time for job seekers to find businesses who are looking to hire and vice versa (Littenberg & Tregarthen‚ 2009). Businesses post wanted ads on job search sites and unemployed workers use the sites to find employers who are looking for their skill set. The time it takes the two to find each other is frictional unemployment (Littenberg &
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disparities in the quality of education between rural and urban India (aka Bharat and India) have finally come true. Labour Ministry data indicates that higher education and degrees are not helping rural job aspirants to get their coveted jobs. Not only unemployment among rural graduates and post-graduates is higher‚ but also they lack basic skill-sets to fill the demands of market economy. The dangerous trend‚ if anything‚ may offset the gains by India at the literacy front. While the country has added more
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The subject of unemployment a major challenge is a controversial issue. In depth analysis of unemployment a major challenge can be an enriching experience. Indispensable to homosapians today‚ it is impossible to overestimate its impact on modern thought. It still has the power to shock global commercial enterprises‚ who are yet to grow accustomed to its disombobulating nature. With the primary aim of demonstrating my considerable intellect I will now demonstrate the complexity of the many faceted
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COSTS OF UNEMPLOYMENT Some people believe that recessions are neither good nor bad but simply part of the natural survival of the fittest in the business world. Actually‚ it is not true. In The Costs of Unemployment‚ the authors tell us both the good and bad influences of recessions. Recessions will cause unemployment because of the loss of output and GNP. Some people may argue that unemployment is ¡°a part of the functioning of the economy¡±. They are partly right‚ for the unemployment is inevitable
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social circumstances that are studied‚ unemployment is an issue in which sociologists thrive. Conflict in the areas of age‚ race‚ gender‚ and disability is common among the employed as well as the unemployed. From a sociological perspective‚ unemployment can be studied through both the Functionalist Theory and Conflict Theory. It also touches upon the results of unemployment in societies and institutions such as family‚ education‚ government‚ and health. Unemployment affects almost everyone to some extent
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especially if it had to do with math. One of the theories that he had was that the human population was going to reach higher numbers that the economy could handle. Ultimately‚ it was going to lead to overpopulation. In his theories‚ he discusses things like war and famine happening as a result of overpopulation. I think that he could possibly be right. If there are too many people‚ the number of unemployed citizens goes up‚ prices could possibly go up due to a higher demand‚ and also there could be lots
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