UMEMPLOYMENT RATE ¹data from February 2014 Source: Statistics Indonesia The average unemployment rate in Indonesia based on the last 5 years (2009-2013) is 6.78%. The unemployment in Indonesia hit the highest in 2009 with 7.9%‚ and the lowest rate of unemployment was in 2012 with 6.1%. From the above graph‚ we can see that there is a decrease in unemployment rate from 2009 to 2012 falling from a rate of 7.9% in 2009 to 6.1% in 2012. This may be due to the fact the government in Indonesia‚ has
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Abstract A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economy’s fall into a recession‚ but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline‚ unemployment rate can rise due to less spending which can be one of the combined factors when
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labour demand‚ the more a company’s product or service the market wants‚ the higher the demand for labour to involve in the production process. The essence of strategic human resources planning is to align human resources planning organization’s business strategy. This means company cannot perform their personnel forecast solely based on the product demand because there is some other factor that will affect the product demand. Thus‚ company need to have a thorough analysis of the external environment
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Goslin – Research Paper. The Great Depression was a harsh global economic depression in the decade prior World War II. The Great Depression‚ while it happened far before the “Great Recession” of 2008‚ it can be greatly compared. During the Great Depression‚ all income‚ tax revenue‚ and prices dropped. International trade decreased by more than 50%‚ and U.S. unemployment climbed to just above 25%. Industrial cities like Detroit and Pittsburgh took the heaviest hits. While the recession of 2008
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Analysis/Organizational Change Strategy In today’s unstable economy a lot of companies started to be innovative in their business approach. Over the past five years‚ after the economic recession‚ companies faced challenging situation which cause a lot of business to close‚ some still struggles to cope up and only a few managed to survive. This is mainly due to descending trend in the business cycle depicted by a debility in manufacturing and employment‚ which in turn lesser household income and spending (Merriam-webster
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United States Economic State (2007-2011) The U.S economy is recovering from one of the longest and deepest recessions since the end of WWII. The definition of a recession is‚ a general slowdown in economic activity‚ a downturn in the business cycle‚ and a reduction in the amount of goods and services produced and sold. This is precisely what happened to the U.S economy from 2007-2009. For the years leading up to recession‚ a then booming housing market lead some to believe a recession was
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distributing goods and services. A market economy is based on the law of supply and demand. The price is set at a point that consumers are willing to pay and sellers are willing to accept. Supply is high‚ stuff is low. Demand is high‚ stuff is high. The Business Cycle Peak -> Decline -> Recession -> Trough -> Recovery -> Growth Peak Peak- Spending is at its highest point. More people are working. More money to spend. Decline – Less spenders‚ Less wage earners; Unemployment rates rise Tough- Bottom; Unemployment
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to the newspapers they slept under as “Hoover Blankets”‚ and the small communities they formed together as “Hoovervilles”. Even when the Depression got to its worst parts‚ Hoover did nothing‚ insisting that this was all just “part of the business cycle”‚ a cycle that had normal ups and downs in the economy. His theory was that it would all be over soon. Because of Hoover’s hesitation to act against the Great Depression‚
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Two young college graduates‚ obtained their first jobs at a relatively small family owned business dealing in technology. A pull factor for the two young adults was that the firm consisted of five sales people who had credited an organization with a positive moral and strong communication channels. The 2007-2008 economic recession hit and affected the small business quite heavily. Upper management decided to get rid of the clerks and reduces the salary of the sales staff to a per hour pay system
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LARSON INC. SCENARIO OBJECTIVES 1. REVIEW the data provided in the scenario. The data related to America is that the there is growing level of unemployment at 9.9%‚ however‚ the inflation and GDP growth rate are low. In addition‚ the per capita output is declining from $46‚800 in 2007 to $39‚560 in 2008. In addition‚ the Federal Funds Rate and Discount rate are at relatively low rates at 0.25 and 0.50. Compared to Germany at 82.5 million‚ the population of US is fairly high at 305 million. Further
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