KATILI UNIVERSITY OF NAIROBI WELFARE ECONOMICS PROFESSOR KAMAU Abstract Unemployment can be defined as a state where by people are unable to contribute to the economic growth due to lack of jobs. These people must however be qualified and constantly looking for a job without any success. They therefore fail to secure an opportunity that can enable them to earn their living. Because of unemployment‚ people are unable to contribute to the economic growth‚ not because they are weak‚ but
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various problems encountered in Performance Appraisal Process ? What are the ways to improve the probability of "What is Appraised is what was supposed to be Appraised "? Explain with examples. 4. What are the determinants of compensation ? How does compensation function contribute to the organisational effectiveness ? Explain with suitable examples. MS-2 1 P.T.O. 5. MS-2 Write short notes on any three of the following : (a) ’Self concept’ and Organisation Socialisation
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is able and willing to work yet is unable to find a job. Unemployment rate is the number of people officially unemployed divided by the labor force. Official unemployment measures those over the age of 16 who are able for employment‚ but are unable to obtain a job. The labor force is the number of people over the age of 16 who are either employed or unemployed. In year 2005‚ unemployment rate in Malaysia (3.0%) higher than unemployment rate in Cambodia (2.5%). Malaysia is a heaven for job seekers
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South African Unemployment The Republic of South Africa‚ while certainly taking forever to do so‚ made monumental leaps with regards to civil rights when in the early 1990s when the government repealed Apartheid legislation and had its first universal elections held in 1994. A quick look at GDP numbers and you would find that South Africa has the largest economy in Africa‚ and so without delving deep into it one might think that the economy and country have been prospering post Apartheid. After
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How is public debt related to economic growth and unemployment? In this project different economics variables will be compared with each other to see if any correlations between them exist to perhaps explain certain trends and changes in the variables. The three focused on in this report are GDP growth‚ Government Debt and Budget surplus/deficit. There is a huge standard deviation in the data given for GDP. In both 2009 and 2010 the standard deviation was over four and a half times larger than
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Introduction Unemployment is a huge challenge facing South Africa. There are many people who are looking for jobs but cannot find them mostly because of the slow economic growth rate in the country. South Africa faces structural unemployment where people loose their jobs due to introduction of new technology or relocation of the company‚ these economic disruptions have resulted in high crime rates‚ low production and income as well as lost human capital. The NDP has been put in place to solve the
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Unemployment – Causes I am going to offer my theory as to the real cause of unemployment‚ for every cause there is an effect. The process of cause and effect. It’s hard to live a normal healthy life without a job and money. There are many reasons why people are unemployed‚ but in turn this state of unemployment can cause one to experience financial‚ emotional‚ and personal problems. The most common causes of unemployment are getting fired and laid off for specific reasons
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Inflation vs. Unemployment Inflation and unemployment are two key elements when evaluating the economic well-being of a nation‚ and their relationship has been debated by economists for decades. Inflation refers to an increase in overall level of prices within an economy; it means you have to pay more money to get the same amount of goods or services as you acquired before and the money becomes devalued. For example 10 dollars seventy years ago had the same buying power that 134 dollars have today
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acceleration of its already high unemployment rate. South Africa currently has one of the highest unemployment rates internationally. This is the culmination of a long-term‚ yet steady‚ rise in unemployment that started as early as the 1970s (Seeking and Natrass 2006)‚ but which has rapidly accelerated in the post-apartheid period. South Africa as a developing country has faced a crisis of the high rate of unemployment in recent years. In the South African labour market‚ unemployment has remained a crucial
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UNEMPLOYMENT in the Bahamas is down by one per cent‚ according to government statistics. The Department of Statistics released the results of its Labour Force and Household Income Survey yesterday‚ conducted in May‚ which revealed a slight decrease in the number of unemployed persons‚ a decline of less than 1 per cent in the unemployment rate which now stands at 13.7 per cent. However‚ the report explained the two major factors contributing to the decline in the unemployment rate were persons
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