is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and the private sector had discussed this issue at forums and conferences but have not found a solution to it. Its continued existence had been linked to lack of power supply and financial empowerment for youths. Youth unemployment in Nigeria is mostly referred to as graduate unemployment and this means that only the skilled youths are seen as unemployed
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several types of unemployment found in many factors which contribute high or low unemployment in Taiwan. The first factor is structural unemployment. This factor made labor substitution exists and this reflects mismatch between the skills and the requirements of the new job opportunities. People lack the necessary skills for available jobs will make the high unemployment. Many people found it difficult to gain re-employment without an investment in re- training after unemployment. People’s tastes
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Unemployment is an ongoing problem throughout the world. One may asked‚ what is unemployment? It is the number of persons who are willing and able to work but are unable to find jobs. Unemployment is harmful to a country because it imposes costs on a Society. The cost of employment to a nation can be categorised under three heading‚ namely · The Social Cost · The Cost to the Exchequer · The Economic Cost The Social Cost of Unemployment The social cost of involuntary unemployment is incalculable
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A Curse in Disguise Throughout history‚ technology innovations have helped humankind improve their standards of living‚ beginning with the simple invention of bone tools of prehistoric times‚ continuing on to and beyond modern air conditioners‚ automobiles‚ and super computers. Nowadays‚ when the rapidness of development and research is so impressive‚ it is easy to think about the advantages of modern technology. Modern technology has solved many problems that people face and it plays an important
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University Unemployment is a Serious Social Issue Unemployment is the condition and extent of individuals out of work within an economy‚ measured by the “official” unemployment rate (U-5). This measure is the number of unemployed workers divided by the total civilian labor force. As of June the “official” unemployment rate stands at 9.2%. What is rarely reported‚ and even more ominous‚ is the underemployment rate. This rate includes two groups that are not considered in the official unemployment rate:
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I. INTRODUCTION Unemployment is the condition of willing workers lacking jobs or "gainful employment". In economics‚ unemployment statistics measure the condition and extent of joblessness within an economy. A key measure is the unemployment rate‚ which is the number of unemployed workers divided by the total civilian labor force. The unemployment rate is also used in economic studies and economic indexes such as the Conference Board’s Index of Leading Indicators. Unemployment in an economic sense
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lead to reduction of unemployment rates through both private and public investment according to the Solow’s model and endogenous theories of economic development. Empirically‚ the studies done on development have raised mixed up conclusions as some show that economic development has lead to capitalization hence capital replacing the labour and thus further unemployment. This chapter reviews both the theoretical and empirical literature on economic development and unemployment and in particular as
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Natural rate of unemployment The natural rate of unemployment (sometimes called the structural unemployment rate) is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s‚ both recipients of the Nobel prize in economics. In both cases‚ the development of the concept is cited as a main motivation behind the prize.[1][2] It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level. This level
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ECN 211 Assignment 2 Structural and cyclical unemployment. Structural Unemployment. Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers. It arises when changes in technology or international competition change the skills needed to perform jobs or change the location of jobs. Structural unemployment usually lasts longer than frictional unemployment because workers must retrain and possibly relocate to find
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This entry gives an estimate from the US Bureau of the Census based on statistics from population censuses‚ vital statistics registration systems‚ or sample surveys pertaining to the recent past and on assumptions about future trends. The total population presents one overall measure of the potential impact of the country on the world and within its region. Note: Starting with the 1993 Factbook‚ demographic estimates for some countries (mostly African) have explicitly taken into account the effects
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