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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UNEMPLOYMENT: Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. http://www.investopedia.com/terms/u/unemployment.asp#ixzz2NJ3XTGJR Unemployment causes many problems for the whole society YEAR | PERCENTAGE
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Unemployment is a serious problem in our country‚ which leads to poverty. Many people are eager to find jobs SuPport themselves as well as their families but there are not enough jobs for everyone. As a result the problem of unemployment is seen at every level. Lack of job opportunities has brought depression and hopelessness among our youth. It has made them to go astray which creates many other problems like drug addiction‚ identity crises‚ etc. Let us first examine the causes of the problem
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natural rate of unemployment is creating new jobs and opportunities. Usually‚ a healthy economic growth rate is of 2-3% and this is sufficient to create the 150‚000 new jobs per year needed to keep unemployment from rising. When unemployment rises above 6-7% and stays there‚ it means that the economy isn’t strong enough to create sufficient new jobs without intervention. That’s when the government is expected to step in and provide solutions. WHAT IS THE NATURAL RATE OF UNEMPLOYMENT The Natural
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A major problem in the United States is the high unemployment rate. Many Americans are unemployed which in turn is hurting our economy. There are a few ways we could lower the rate of unemployment‚ education in modern technological jobs‚ offering tax incentives to company’s to hire Americans instead of going over seas‚ and with job creation. By allowing the small business to thrive‚ they will produce the most jobs for the dollar invested. First‚ education in modern technological jobs could prepare
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reduces‚ then eventually eliminates the need for human intervention.” said by Ankit Kumar Srivastava (Srivastav‚ 2013) With the development of technology‚ the US president‚ Barack Obama argued‚ in June 22‚ 2011‚ that the automation would cause some unemployment in a way. While‚ the opposite side like Milton Friedman came up with lot of drawbacks of low-level technology to the society. Objectives There are three objectives in this report. The first one is to find the
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Indonesia The average unemployment rate in Indonesia based on the last 5 years (2009-2013) is 6.78%. The unemployment in Indonesia hit the highest in 2009 with 7.9%‚ and the lowest rate of unemployment was in 2012 with 6.1%. From the above graph‚ we can see that there is a decrease in unemployment rate from 2009 to 2012 falling from a rate of 7.9% in 2009 to 6.1% in 2012. This may be due to the fact the government in Indonesia‚ has been putting effort to lower the unemployment rate of their country
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agriculture (19.8 percent)‚ according to 1998 estimates in the 2000 CIA World Factbook . Greece ’s total labor force numbered 4.32 million in 1999‚ when unemployment was estimated at 9.9 percent. Generally‚ more men work in the industry sector while women dominate the service and agriculture industries. Greek women tend to have higher unemployment rates than men and are on average paid less. For additional income many Greeks work in seasonal or nonpermanent agricultural or service industry positions
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Unemployment Benefits and how it affects the Unemployment rate. Critical and Creative Thinking Hum/111 01/23/2014 When asked to pick a topic recently from the world of business and news I could not think of a better controversial topic than the world of Unemployment Benefits and if and how the long term benefits lead to long term Unemployment rate. When looking at this issue there is two sides of the fence and depending on what side you are on or what possibly has
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The rising unemployment rate among fresh university graduates today is an upsetting trend. Now the pool of unemployed graduates is rising to worrying levels even in some high-growth economies. This is due to several factors or causes that result in the increase of the unemployment rate today. This article brings and discusses the main causes and issues/effects on the unemployment of many fresh graduates. It is expected that this study of unemployment will achieve the objective and highlights of some
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