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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* HOLIDAY ASSIGNMENT “Business studies” A TOOL TO SOLVE THE PROBLEMS OF YOUTH UNEMPLOYMENT IN NIGERIA. Definition of unemployment Unemployment is define as a situation in which person of working age‚ able and willing to work are unable to find paid employment. Which results to joblessness‚ an unemployment can be simple explained as a situation whereby‚ people who are available‚ capable of working and qualified by age to work but could not find job (employment).
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of ’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. Reasons for Unemployment People can be unemployed for a variety of reasons. The Bureau of Labor Statistics (BLS) notes five prime reasons
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1.0 INTRODUCTION TO UNEMPLOYMENT Unemployment is a situation where people have no job whether they are quitted or being fired and they are actively searching for it. There are two theories that were explained about unemployment that is Classical theory and Keynesian theory. 2.0 THEORIES THAT EXPLAIN UNEMPLOYMENT 2.1 CLASSICAL THEORY The first theory is Classical theory. It was first developed by Karl Max. From this theory it state that the level of unemployment will increase if there is government
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YOUTH UNEMPLOYMENT AND IMPLICATION FOR POLITICAL STABILITY IN NIGERIA (1999-2011) YOUTH UNEMPLOYMENT AND IMPLICATION FOR POLITICAL STABILITY IN NIGERIA (1999-2011) CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY In Nigeria‚ civil rule has been restored for over a decades ago‚ which has given people so much hopes and expectations for political stability to enjoy the value of democratic rule. For instance‚ it is assumed that with democracy‚ people would
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Youth restiveness and unemployment in Nigeria: The way out part 1 On November 12‚ 2012 · In Finance 12:00 am The words ‘youth’ and ‘restiveness’ have become so commonly used together in the last couple of years that it seems to have taken on a life of its own. In the last decade and more there has been a proliferation of cases all over the country and indeed the world‚ of youth agitations which have tons of people dead and valuable infrastructure as well as personal properties lost and destroyed
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http://peoplesdailyng.com/changing-nigerians-identity-diaspora/ http://olorisupergal.com/nigeria-rich-country-poor-people-by-gbenga-ogunbiyi/#.UpH2I9Lik8o Nigeria is a member of both the Commonwealth of Nations‚ and the African Union. LANGUAGE There are hundreds of languages spoken in Nigeria. The official language of Nigeria‚English The languages spoken in Nigeria are said to be 521. The official language is English while the major ones that are spoken are Hausa‚ Igbo‚ Yoruba and
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Unemployment Gina July 23‚ 2013 Economics Word Count: 2‚112 Table of Contents What is unemployment?........................................................................................................................................3 The Causes and Types of Unemployment……………....................................................................................................................................3-5 Effects of Unemployment...
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overlapping types of and theories of unemployment‚ including cyclical or Keynesian unemployment‚ frictional unemployment‚ structural unemployment and classical unemployment.[5] Some additional types of unemployment that are occasionally mentioned are seasonal unemployment‚ hardcore unemployment‚ and hidden unemployment. The U.S. BLS measures six types of unemployment‚ U1–U6. Though there have been several definitions of "voluntary" and "involuntary unemployment" in the economics literature‚ a simple
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According to Gillespie (2011)1‚ “unemployment is a measure of the number of jobless people who want to work‚ are available to work‚ and are actively seeking employment.” However‚ unemployment does not include underemployed workers and part time workers. Since 2008‚ the global unemployment rate has grown. However‚ in normal situations or even boom times‚ the unemployment rate never equals to zero. Hence‚ the main purpose of this essay will demonstrate the situation of unemployment. It will first describe how
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