1. Describe the trends in unemployment and inflation The number of people out of work fell by 14‚000 to 2.5 million in the three months to December 2012 (ONS).The unemployment rate was 7.8%‚ of the economically active population‚ down 0.1% on July to September 2012. A few months after the start of the recession in 2008‚ unemployment started to rise sharply. When the global financial crisis hit‚ the unemployment rate was a little over 5% or 1.6 million. Towards the end of 2009‚ with the UK coming
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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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education. The overall unemployment rate is not exceptional in an international perspective. The interesting thing about Malaysia is that there exists a structural unemployment among the educated youth‚ which in spite of their relatively high level of education wait for a long time before entering the work force. Unemployment occurs when a person is able and willing to work but currently is without work. The prevalence of unemployment is usually measured using the unemployment rate‚ which is defined
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Unemployment crisis: The demand for goods and services is needed to achieve the growth that will boost the economy and provide jobs. Unemployment is the number #1 issue facing the U.S. Economy. It is imperative that the government intervene to help reduce today’s staggering rate of unemployment. We will take a look at unemployment defined‚ the different types of unemployment and their causes. Throughout our analysis‚ it is crucial to reflect on historical trends and policies. Unfortunately
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The unemployment rate An unemployed person is one who is able and willing to work yet is unable to find a job. The unemployment rate is the number of unemployed workers divided by the total civilian labor force‚ which includes both the unemployed and those with jobs. Measuring the number of unemployed workers actually seeking work is very difficult‚ but there exists several different methods to do so. Each method has its own biases and the different systems that make comparing unemployment
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2 Type of unemployment............................................................................................. 4 * Frictional Unemployment * Structural Unemployment * Cyclical Unemployment * Seasonal Unemployment Factors of unemployment......................................................................................... 6 * Business cycle * Aggregate demand * Decrease in aggregate supply Effect of unemployment...........................
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natural rate of unemployment is creating new jobs and opportunities. Usually‚ a healthy economic growth rate is of 2-3% and this is sufficient to create the 150‚000 new jobs per year needed to keep unemployment from rising. When unemployment rises above 6-7% and stays there‚ it means that the economy isn’t strong enough to create sufficient new jobs without intervention. That’s when the government is expected to step in and provide solutions. WHAT IS THE NATURAL RATE OF UNEMPLOYMENT The Natural
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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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I think that the problem of youth employment is very actual and must be solved as quick as possible. Most of young people in Russia nowadays get higher education chiefly because it is in basion now. They all go to institutes or universities and even academies. But the quality of education nowadays leaves much to be desired. As a result the country will have a lot of specialists especially doctors‚ managers and lowers. But their quality will be very low. It is one problem. The other problem
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Combat Boredom and Isolation: Inexpensive Tactile Games for People of All Ages Who Are Deaf-Blind and/or Have Hearing Problems with Low Vision Written By: Heather Schoenwald‚ M.S and Stephanie Brumbaugh June 29‚ 2010 Over time‚ we have heard the expression: “I am so bored” from various people who are Deaf-Blind or Deaf/ Hard-of-Hearing with Low Vision. Many are unable to play games with others because of their vision problems. Our solution was to establish “Deaf-Blind Game Night” at Chestnut
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