According from the article that I read about “The Unemployment Issue Among the Malay Job Seekers”‚ I do not agree with some of the statement that the writer states in the article. In my opinion‚ firstly‚ I do not agree when the writer say that Malays student can’t get along with other races students. From my experience‚ most Chinese students are hard to get along and tolerate with Malays or maybe Indians in school or college. I am not sure the statement is based on what IPT whether public or private
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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 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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Institution: Inflation is the rise in general prices of goods and services over a specific period of time. Unemployment is a state where people are able and willing to work at the ongoing market prices of labour but they are unable to secure a job. According to the Phillips curve‚ there is a consistent relationship between inflation and unemployment (Nevile‚ J. W. 1981‚ pg 3). When the rate of unemployment is low‚ the level of inflation is high and when the level of employment is high‚ inflation level is
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UNEMPLOYMENT PROBLEM IN INDIA India’s educated youths are facing some serious issues like educated unemployment and underemployment. Currently‚ in India‚ we have fairly low inflation but unemployment is high. In particular‚ educated unemployment is very high. It is around 20 % among graduates. One suspects that political instability in the country‚ lack of entrepreneurship‚ lack of quality education and quality students‚ for instance is the result of excessive unemployment. Bad education
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other option‚ than to adopt the neoliberal policies of the World Bank and International Monetary Fund in an attempt to free the Zimbabwean economy (Bond 93). In 1991‚ Zimbabwe introduced what is known as the Economic Structural Adjustment (ESAP)‚ to stimulate economic growth and reduce poverty. The government would “de-emphasise its expenditure on social services and emphasise investment in the material production sectors such as agriculture‚ mining and manufacturing”(Gibbons 10). To begin economic
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stirred up some issues that most people were not prepared to deal with. The unemployment rate is at a petrifying rate and the worst part is that it is even worse than it looks. There are many factors in addition to the unemployment rate alone that are going to prolong the recovery of the job market. In this paper‚ “underemployment” is defined and explained in terms of rates. Reasons why people are underemployed and how they got there are discussed. Why do people fear underemployment? What are
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one compared to the one without experience. * This scenario reveals that‚ there izs a skills gap between what skills are required by employers and what skills graduates have. * Lack of experience and skills are also causes of graduate unemployment. private sector today is not interested in recruiting local graduates because they lack essential skills‚ such as proficieny in English and interpersonal skills. 1. Economy Firstly‚ the economy factor also causes why fresh graduate unemployed
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Policies for Reducing Unemployment There are two main strategies for reducing unemployment - • Demand side policies to reduce demand-deficient unemployment (unemployment caused by recession) • Supply side policies to reduce structural unemployment / (the natural rate of unemployment) Demand Side Policies [pic] Demand side policies are important when there is a recession and rise in cyclical unemployment. (e.g. after 1991 recession and after 2008 recession) 1. Fiscal
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Youth unemployment in Australia has been a problem of the past and is rising with poor implementations. As such‚ various factors have to be contributing towards the issue. Contributing factors are approaches or methods that escalate the problem‚ and needs attention should be accorded. Answering the question will develop insights on some of the causes that are global‚ but are not significant in Australia. The cause of unemployment according to Bond et al. (2015) is low education level and skills.
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