According to the China Construction Machinery Business survey‚ 26 of the main manufacturers of excavators in China sold 8868 units in September‚ 23.86% down. Excavator cumulative increase since February of this year climbed to the highest point‚ it has been declining for several months. China Construction Machinery Industry Association has predicted the next five years‚ the construction machinery industry is expected to be 17% annual growth. But now the growth target is being challenged. Growth in
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Air Zimbabwe‚ the major airline of Zimbabwe has been facing perennial losses for the past decade (since 1994)‚ due to various reasons some of which has lead to the highest recorded level of labor turnover in the country (CEO’s report in Zimbabwe Review).This has been owing to factors like poor management from the subordinates and also bad publicity from the region. Also lack of proper and up to date technology has a contributing factor towards the losses. Poor cost cutting strategies Air Zimbabwe
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Types of unemployment: 1. Frictional unemployment.. This unemployment occupies people in the middle of transiting between jobs‚ searching for new ones; it is compatible with full employment. In other words‚ we can say it frictional unemployment. There are many people in this world who are not totally satisfied with their jobs. Describes workers “in between jobs”. When someone with marketable skills moves from one job to another. Usually three months or less. 2. Demand-deficient unemployment. It
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Unemployment in India Unemployment India as a nation is faced with massive problem of unemployment. Unemployment can be defined as a state of worklessness for a man fit and willing to work. It is a condition of involuntary and not voluntary idleness. Some features of unemployment have been identified as follows: 1. The incidence of unemployment is much higher in urban areas than in rural areas. 2. Unemployment rates for women are higher than those for men. 3. The incidence of unemployment
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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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Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154‚ 729‚000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1‚ 4011. Nigeria also has the second largest economy in Africa. If I may ask‚ is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and
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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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In the United States today‚ a huge social issue that Americans are facing is unemployment. Unemployment is so important today‚ because it has retaken its place in Americans’ minds as the country’s biggest social problem in the United States. According to brookings.edu‚ “The government’s report that the economy added only 74‚000 jobs in December‚ while the unemployment rate dipped to 6.7%‚ has left many feeling dispirited and confused ”(1). This quote is explaining that the Economy is creating more
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Americans‚ or most people will see their services‚ safety nets‚ public investments in everything from sewers and infrastructure overall to education‚ all of that will be cut” (www.pbs.org). In the upcoming years this can become a hardship because unemployment
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