1. Identify the type of unemployment referred to in the BBC article and outline the main causes of this form of unemployment. (1) Cyclical Unemployment‚ ment to describe the unemployment associated with business cycles occuring in the economy. Cyclical unemployment occurs during recessions because‚ when demand for goods and services in an economy falls‚ some companies respond by cutting production and laying off workers rather than by reducing wages and prices. (2) Unemployed individuals are
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Unemployment Analysis Unemployment occurs when a person is not working but is actively looking for work. Economists have essentially identified four different types of unemployment which are frictional unemployment; structural unemployment; seasonal unemployment; cyclical unemployment. Frictional unemployment is best described as a highly skilled worker that is in between jobs because they are holding out for right job that best suits their needs and skills. Frictional unemployment usually occurs
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Solns: The need for Reforms: Diagnosing the Problems of Education in Africa Proactively speaking‚ I strongly believe that there is possibility for a virtuous circle of education and growth in Africa before the turn of the century‚ and we need to create it. “This means that finance ministers of our States in Africa should be concerned about education‚ and education ministers about economic growth.” South Africa for example should emphasized technical and vocational education by giving it prestige
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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 been putting effort to lower the unemployment rate of their country
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does Eric’s personal background assist in his assessment of the problems he faces ? During a private fundraiser earlier this year‚ Republican presidential candidate Mitt Romney told a small group of wealthy contributors what he truly thinks of all the voters who support President Barack Obama. He dismissed these Americans as freeloaders who pay no taxes‚ who don’t assume responsibility for their lives‚ and who think government should take care of them. Fielding a question from a donor about how
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Background The word ‘automation’ was translated as ‘self-dictating’ in ancient Greek. “It refers to any process or function which is self-driven and reduces‚ then eventually eliminates the need for human intervention.” said by Ankit Kumar Srivastava (Srivastav‚ 2013) With the development of technology‚ the US president‚ Barack Obama argued‚ in June 22‚ 2011‚ that the automation would cause some unemployment in a way. While‚ the opposite side like Milton Friedman came up with lot of drawbacks of
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Reduce unemployment Unemployment is a huge problem. Unemployed workers are experiencing financial losses‚ and causing a burden on tax payers providing benefits to the ex-worker. The national economy suffers because of lower output and instead of gaining tax money‚ losing it. People in disparity for money resort to crime and the list goes on and on. According to the U.S bureau of statistics‚ the U.S has an unemployment amount of 16 million‚ with another 7 million under employed. That is the
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The Psychological Impact of Unemployment Posted By: LexisNexis Occupational Injuries & Illnesses Staff June 25‚ 2009 Reported by: Shanine A. Fortuno August 6‚ 2012 Presented to: Ms. Grace E. Engallado‚ DBM The Psychological Impact of Unemployment Posted by:: LexisNexis Occupational Injuries & Illnesses Staff 06/25/2009 02:06:25 AM EST Unemployment‚ particularly when unexpected or involuntary‚ may take its toll on mental health. A large body of scientific evidence demonstrates
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Employment-at-Will Exceptions: Overview of Associated Terms and Phrases The following descriptions of terms and phrases from the Employment-at-Will multimedia are provided for further review and study. For more information on each term or phrase‚ refer to the pages provided from the Employment Law for Business text. Breach of Implied Covenant of Good Faith and Fair Dealing In an employment relationship‚ this breach may occur if the parties have entered into an employment contract. In a
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Employment-at-Will Eric Tompkins Prof. James Vricos LEG500 - Law‚ Ethics‚ and Corp. Governance 24 January 2013 Strayer University As a manager and supervisor of an accounting division‚ examine the following issues in relation to the employment-at-will doctrine and responsibility of an employer based on actions and responses to the employee’s conduct and actions. Jennifer‚ a recent graduate‚ has recently been hired by your accounting firm out of college. Upon
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