Unemployment is one of the popular and serious issues in both developed and developing countries. Therefore the government should focus on evaluating potential causes and also give some possible solutions to this problem. This alarming situation is due to some reasons. First of all‚ people are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another reason is lack of workplaces
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that Affect Unemployment Rate: The Philippine Case An empirical paper presented to Dr. Cesar Rufino School of Economics De La Salle University In partial fulfillment of the course requirements in ECONMET Submitted by: Ramon Mikael S. Cabazor April 12‚ 2014 Table of Contents Introduction Background of the Study Statement of the Problem and Objective Significance of the Study Scope and Limitation 3 3 4 4 5 Review of Related Literature Unemployment and its Impact
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The standard economic theory suggests that minimum wage results in an unemployment when the wage is set higher than the equilibrium price. For instance‚ Fig 1 shows the labor market with minimum wage in a standard supply and demand graph. Theoretically if the government does not regulate the labor market‚ the supply and demand will be at equilibrium (P* and Q*). When the government imposes a minimum wage laws‚ that results in price floor (P)‚ below which the price of labor cannot fall. In such cases
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Unemployment in Nigeria Its heart aching to see a good number of Nigerian graduates unemployed. It’s one of the most critical problems the country is facing as a result of long years of corruption‚ bad government/leaders‚ military rule‚ civil war and mismanagement of wealth and resources. Unemployment is a state when one is unable to gain any meaningful means of living and unfortunately‚ this state has been nationalized in Nigeria. Unemployment in Nigeria has hindered the economic growth of the
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growth has decelerated and unemployment is increasing again. According to a United Nations report‚ the world unemployment could hit record levels this year and continue rising until 2017. The International Labour Organization (ILO) forecasts that jobless numbers around the world will rise by 5.1 million in 2013 to 202 million people‚ topping 2009’s record of 198 million. "Unemployment remains as dire as it was during the crisis in 2009‚" (Ernst‚ 2013). Unemployment has always been the top worrying
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Marinduque Midwest College Dili‚ Gasan‚ Marinduque COLLEGE DEPARTMENT The EFFECTS OF poor QUALITY EDUCATION over a lifetime Submitted by: Christian Jay F. Zoleta BEED IV- Sagittarius Submitted to: Mr. Joey Semilla Instructor In Partial Fulfillment in the Requirements in Social Dimension SY 2013-2014 I. Introduction The impact of low-quality education can be negative as it fails to produce
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Inflation‚ Unemployment and Poverty: Still Major Problems of Pakistan Zoha Siddique Forman Christian College University Since Pakistan came into being‚ it’s going through hard times. From newly born country to getting sixty four year old country‚ sometimes it has given sacrifices and sometimes remained victim of inapt political system. For the long time‚ it is facing number of challenges and conspiracies which has weakened its foundations and so is the structure. Therefore‚
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Map 1‚ the data of the change in unemployment rate is measured as ratio data that is quantitative‚ which contains the negative as well as the positive number in percentage‚ with the number value of 0 as the central value. Therefore‚ using the natural breaks for classifying data can be considered as a better way to interpret the data‚ since the class breaks maximize the differences between classes. It is more intuitive to locate the difference of change in unemployment rate in this way. In order to distinguish
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Causes of unemployment The main cause of unemployment in many countries is competition in the labor market‚ as there are few employment opportunities. This leads to a situation where for every available opportunity‚ there are more than one qualified individuals. This means that when one gets employment‚ others will lack employment. Currently increased technology shifts production from labor intensive to capital intensive. When these machines replace workers‚ they lack employment hence contributes
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CIMB From Wikipedia‚ the free encyclopedia (Redirected from CIMB Bank) Jump to: navigation‚ search CIMB Group (MYX: 1023) is Malaysia’s second largest financial services provider‚ and fifth largest in Southeast Asia by total assets. It is owned by Bumiputra-Commerce Holdings Berhad (BCHB)‚ which is listed on Bursa Malaysia with a market capitalization of RM26.6 billion. CIMB Group operates as a universal bank offering a full range of financial products and services‚ covering corporate
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