i) Frictional Unemployment The function of labour market is to match available jobs with available workers. If all jobs and workers were the same‚ or if the set of jobs and workers were static and unchanging‚ this matching process would be quick and easy. But the real world is more complicated. In practice‚ both jobs and workers are highly heterogeneous (non-uniform). Jobs differ in their locations‚ in the skills they require‚ in the working conditions and hours‚ and in many other ways. Workers
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Unemployment and it’s situation in asia: Introduction: Statement of problem: Unemployment is the number of employees who are at least 16 years old‚ who are not working‚ and who have been trying to find a job. Lacking a job often means lacking social contact with fellow employees‚ lack of self-esteem‚ mental stress and illness‚ and of course the inability to pay bills and to purchase both necessities and luxuries. These effects are especially serious for those with family obligations‚ debts
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The national unemployment rate fell to 4.4 percent in October the lowest level of unemployment since May 2001. This is a sign of unexpected strength in the job market. [The unemployment rate is based on a survey of households‚ rather than the survey of employers used to calculate the payroll number. Unemployment does not include full-time students‚ the retired‚ children‚ or those not actively looking for a paying job.] The unemployment level is defined as the labor force minus the number of people
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The issue of unemployment in America has been one of the most significant political topics. In August of 2001‚ the unemployment rate of the US was approximately 4.9%. Now‚ 10 years later‚ the unemployment rate has nearly doubled‚ and is currently 9.1% ("U.S. Bureau of Labor Statistics."). Unemployment has become a major problem today because of its negative effects on the economy overall. The American Recovery and Reinstatement Act was passed in 2009 by President Barack Obama with the aim of reducing
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PIDE Working Papers 2007:20 Preference for Public Sector Jobs and Wait Unemployment: A Micro Data Analysis Asma Hyder Visiting Fellow Pakistan Institute of Development Economics‚ Islamabad PAKISTAN INSTITUTE OF DEVELOPMENT ECONOMICS ISLAMABAD All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system or transmitted in any form or by any means—electronic‚ mechanical‚ photocopying‚ recording or otherwise—without prior permission of the author(s) and
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good news for you: according to the New York Times‚ the unemployment rate in America dropped to 7.7% which is the lowest rate in four years. But is this rate low enough? The answer is no. The labor market is far from recovery. There are around 11 million people who still need jobs. Throughout American history of unemployment‚ The United States has experienced 11 recessions since the end of the postwar period in 1948. The U.S. unemployment rate rose steadily from 5% in January 2008 to a peak of
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TAXATION AND FISCAL REGULATIONS IN NIGERIA INTRODUCTION The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law‚ taxation is enforced by the 3 tiers of Government‚ i.e. Federal‚ State‚ and Local Government with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree‚ 1998. Of importance at this juncture
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Why is youth unemployment so high? May 8th 2013‚ 23:50 by J.F. | NEW YORK YOUTH unemployment is blighting a whole generation of youngsters. The International Labour Organisation estimates there are 75m 15-to-24-year-olds looking for work across the globe. But this figure excludes a large number of youngsters who do not participate in the labour market at all. Among the 34 members of the OECD‚ a club of rich nations‚ it is estimated there are 26m youths not in education‚ employment or training
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INJUSTICE IN NIGERIA Over the years and growing up in the dusty sahara threatened landscape of Kaduna {in mid Nigeria}‚ I have often lamented the fate of prisoners who are stripped of their freedom of movement for specific periods of time {and in some glaring cases of inhumanity of man.. for unspecified and unspecific periods}. My young and then innocent mind concluded that depriving prisoners of their freedom as it presently obtains carries along with it a collateral dehumanization of the prisoners
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Literature Review There is no doubt that unemployment is a burning issue in our society today. By way of an introduction it would be necessary to put a definition to the term unemployment as opposed to employment. A person is considered to be employed if that person has a full-time job and obtains a salary or wage consistent with the qualifications that he or she possess. Unemployment on the other hand‚ refers to situation where a person is a part of the labour force‚ is capable and willing to work
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