and clothing. Unemployment rates are on the rise and unemployment is becoming a leading issue in America after the economic recession the country has been facing in recent years. Because employment is the standard means for earning a salary to afford the basic needs to live‚ job cuts have serious repercussions. There are different causes of unemployment‚ many effects on unemployed individuals and the individual’s family‚ and numerous statistics that show the rise of unemployment rates as well as
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Unemployment is one of the popular and serious issues in both developed and developing countries. Therefore the government should focus on evaluating potential causes and also give some possible solutions to this problem. This alarming situation is due to some reasons. First of all‚ people are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another reason is lack of workplaces
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INFLATION: Inflation is a sustained increase in the general price level leading to a fall in the purchasing power of money. Inflationary pressures can come from domestic and external sources and from both the supply and demand side of the economy. FACTORS OF INFLATION: Inflation is defined as the rate (%) at which the general price level of goods and services is rising‚ causing purchasing power to fall. This is different from a rise and fall in the price of a particular good or service.
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Unemployment Introduction It stands for jobless or unemployed. Unemployment consists of the labor force (working age) who have no work. Do not confuse the workforce with the inactive population. There are three types of unemployment in peripheral economies are usually four (seasonal unemployment). These types of unemployment are cyclical‚ structural‚ frictional and seasonal. Unemployment‚ unemployed or layoff of employees who can and want to work but cannot find a job. In societies in which most
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Latest news Inflation remains a serious concern in India with the Consumer Price Index (CPI)-based inflation rising for the fifth consecutive month in February. At 10.9% from a year ago‚ consumer price inflation in India is the second highest among major economies—we still have some way to go before we can challenge Venezuela. Prices in the food‚ beverages and tobacco segment went up 13.4% from a year ago‚ a 33-month high. Vegetable prices have shot up 21% year-on-year. Core CPI inflation (ex-food
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INFLATION - ITS CAUSES and ITS EFFECTS ON VARIOUS SECTORS ON INDIA - September 2nd‚ 2010 WHAT IS INFLATION Defination: Inflation is defined as the rate at which the general level of prices for goods and services is rising and subsequently purchasing power is falling Measures of Inflation Inflation is measured by calculating the percentage rate of change of a price index‚ which is called the inflation rate. Consumer price indices Cost of living indices Producer price indices
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According to Gillespie (2011)1‚ “unemployment is a measure of the number of jobless people who want to work‚ are available to work‚ and are actively seeking employment.” However‚ unemployment does not include underemployed workers and part time workers. Since 2008‚ the global unemployment rate has grown. However‚ in normal situations or even boom times‚ the unemployment rate never equals to zero. Hence‚ the main purpose of this essay will demonstrate the situation of unemployment. It will first describe how
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Youth restiveness and unemployment in Nigeria: The way out part 1 On November 12‚ 2012 · In Finance 12:00 am The words ‘youth’ and ‘restiveness’ have become so commonly used together in the last couple of years that it seems to have taken on a life of its own. In the last decade and more there has been a proliferation of cases all over the country and indeed the world‚ of youth agitations which have tons of people dead and valuable infrastructure as well as personal properties lost and destroyed
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INFLATION The government control measures‚ all over the world‚ keep business cycles under control. What has gone nearly uncontrolled over the time is the problem of almost continuous increase in the general price level (this is the problem of inflation). The problem of inflation got accentuated since the early 1970s. It emerged as the most intractable economic problem for both theoreticians and policy-makeovers all over the world. Inflation has been a common problem of the developed and the developing
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Comparative Analysis of Inflation in Nepal and India Nepal Rastra Bank Research Department Baluwatar‚ Kathmandu 30 November 2011 Nepal Rastra Bank Research Department 30 November 2011 Comparative Analysis of Inflation in Nepal and India Background: Year-on-Year monthly variation of inflation‚ both in Nepal and India‚ seemed to be higher than expected at present situation. Inflation in Nepal is largely affected by rising food price in the country‚ which is a global phenomenon also
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