employed for atleast one paid hour in preceding week and have opportunities to work in next week and able to accept that work. The unemployment is the major crisis in recent years as it affects the whole economy of the country. The rate of employment growth is less than the rate of population growth in Australia. Hence‚ result in rise in unemployment in Australia. Unemployment is the major hurdle in the economic and social development of the country. It results in poverty‚ despair‚ poor standard of living
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Effects of Unemployment Unemployment or joblessness is a state of life in which a person is missing a paid employment opportunity and is actively seeking work. Nowadays hundreds of millions of people are off the pay roll‚ roughly corresponding to about seven percent of the world’s population‚ whereas these rates can be much higher in regions of Southern and Western Africa or the Middle East. Furthermore‚ in the era of globalization and in a time of financial market disruptions unemployment is on the
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Unemployment (or joblessness) occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession‚ an economy usually experiences a relatively high unemployment rate. In a 2011 news story‚ Business Week reported‚ "More than 200 million people globally are out of work‚ a record
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prediction of inflation and unemployment in Germany Ivan O. Kitov Abstract Potential links between inflation‚ π(t)‚ and unemployment‚ UE(t)‚ in Germany have been examined. There exists a consistent (conventional) Phillips curve despite some changes in monetary policy. This Phillips curve is characterized by a negative relation between inflation and unemployment with the latter leading the former by one year: UE(t-1) = -1.50π(t) + 0.116. Effectively‚ growing unemployment has resulted in decreasing
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UNEMPLOYMENT INSURANCE POLICY (prepared by Tadey Tarimo) Unemployment occurs in many forms and it has been a crucial problem countryside and whole over the world. These have become an issue to majority of Tanzanian and many people around the globe‚ the situation has forced various countries to either formulate or adopt some policies to rectify the issue. The magnitude of the issue has practically depicted in the research conducted in 2012 by African Economic Outlook in Tanzania‚ the study which
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11/18/2011 Suleyman Causes and Effects of Unemployment Unemployment rate is the litmus paper of a country’s economy‚ security and its overall production force. The more unemployment rate increases the more consumption rate decreases. Since many people are unemployed‚ their spending power struggles causing the economic wheel to stop rotating. High Unemployment rates indirectly induce a widespread of insecurity within the general population. Unemployment‚ which caused by many factors has had a painful
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the legal concept of gender equality is entrenched in the 1948 universal declaration of Human Rights. It was also stated again in the 1979 United Nations Convention on the elimination of all forms of discrimination against women. In a society like Nigeria‚ which is a largely patriarchal society‚ women tend to be comfortable to certain close-ended function in the society. It has also been confirmed that though men and women are supposed to be complementary partners in society ’s overall progress‚ women
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Religious Violence in Nigeria – the Causes and Solutions: an Islamic Perspective BY A. O. Omotosho Swedish Missiological Theme 2003‚ P. 15-31 Introduction M. M.C. K. Ajuluchukwu in his rejoinder to Northern Zone of the Christian Association of Nigeria’s booklet Leadership in Nigeria observes: “Ordinary Nigerian know nothing about inter-religious cleavages except when incited by their respective doctrinal leader. 1” This remark is a challenge and indictment to Nigerian religious leaders‚
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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country is facing today‚ the problem of unemployment is one of the most serious Unemployment is defined as condition of a person who is willing to work but unable to find a paying job. There are various factors that are responsible for unemployment i country. Unemployment can be due to seasonal layoff particularly in agricultural sector. It can be due to technological changes in an automated industry or due to lack of adequate skills by the workers. Unemployment can also be due to fluctuation in the
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