PHILIPPINES UNEMPLOYMENT RATE Unemployment Rate in Philippines increased to 7.50 percent in the first quarter of 2013 from 7.10 percent in the fourth quarter of 2012. Unemployment Rate in Philippines is reported by the The National Statistics Office (NSO). Philippines Unemployment Rate averaged 9.09 Percent from 1994 until 2013‚ reaching an all time high of 13.90 Percent in March of 2002 and a record low of 6.30 Percent in September of 2007. In Philippines‚ the unemployment rate measures the number
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Unemployment Rate in Singapore decreased to 1.80 percent in the third quarter of 2013 from 2.10 percent in the second quarter of 2013. Unemployment Rate in Singapore is reported by the Ministry of Manpower Singapore. Unemployment Rate in Singapore averaged 2.51 Percent from 1986 until 2013‚ reaching an all time high of 6 Percent in the first quarter of 1986 and a record low of 1.40 Percent in the second quarter of 1990. In Singapore‚ the unemployment rate measures the number of people actively looking
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Introduction The nation’s high unemployment rate is a result of a severe drop in demand for goods and services. It’s not a reflection of longer-term structural changes in the economy but rather cyclical changes in the economy. The demand for goods has been limited because of tight credit‚ decreases in government budgets‚ suppression of demand by consumers and foreign markets‚ and the inability by the fed lower interest rates. Even with the low level of interest rates the Fed is currently practicing
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Youth unemployment is one of the most critical challenges the world is facing today: young people make up almost half of the world’s unemployed‚ despite accounting for only one quarter of the working population. Youth unemployment is the unemployment of young people‚ defined by the United Nations as 14–28 years old. An unemployed person is defined as someone who does not have a job but is actively seeking work. In order to qualify as unemployed for official and statistical measurement‚ the individual
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What is the Full Employment Rate of Unemployment? Full employment‚ or the natural rate of unemployment‚ is considered to be consistent with a level of unemployment that predominantly comprises voluntarily unemployed workers. In other words‚ those members of the labor force who really want a job have one. Leaving the nuances of who is part of the labor force for the main text‚ the rate of unemployment consistent with full employment is a major issue for economic policymakers. Small differences
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cointegrated with income and unemployment?: A panel data analysis on selected European countries by A.H. Baharom1 and Muzafar Shah Habibullah ABSTRACT This paper examines the causality between income‚ unemployment and crime in 11 European countries employing the panel data analysis for the period 1993-2001 for both aggregated (total crime) and disaggregated (subcategories) crime data. Fixed and random effect models are estimated to analyze the impact of income and unemployment on total crime and various
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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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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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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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Apprenticeships and Unemployment The boon for the American economy comes from three directions in the short view‚ and infinite possibilities in the long view. First‚ there would be more Americans working. If more are working‚ then in theory‚ fewer would require government assistance. That would both expand the tax base because more people would be contributing to it‚ and reduce the amount of tax dollars obligated to subsidies‚ benefits‚ and entitlements because fewer people would be taking
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