Unemployment (or joblessness) occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession‚ an economy usually experiences a relatively high unemployment rate. In a 2011 news story‚ Business Week reported‚ "More than 200 million people globally are out of work‚ a record
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country is facing today‚ the problem of unemployment is one of the most serious Unemployment is defined as condition of a person who is willing to work but unable to find a paying job. There are various factors that are responsible for unemployment i country. Unemployment can be due to seasonal layoff particularly in agricultural sector. It can be due to technological changes in an automated industry or due to lack of adequate skills by the workers. Unemployment can also be due to fluctuation in the
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Causes and Effects of Unemployment Unemployment defined by the Encyclopedia Britannica is the condition of one who is capable of working‚ actively seeking work‚ but is unable to find any work. In addition‚ to define a person as unemployed‚ the person must be an active member of the labor force in search of work. (Encyclopedia Britannica‚ 2012) There are three different types of unemployment: frictional‚ structural‚ and cyclical. Due to various causes in the economy‚ there will always be a certain
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Unemployment Among Graduates Imagine you have just graduate and are now looking for a job. You send letters and emails to related company and even go to nearby company for walk in interview. Unfortunately‚ no respond from the letters and emails u sent. And every walk in interview failed. Now you are sitting on your chair and thinking‚ why I cannot get a job? How am I going to live? Am I going to rely on my parents again? Good evening ladies and gentlemen‚ my name is Ooi Geok Thing and today
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The Real Unemployment Rate The real unemployment rate that the government puts out every week does not reflect the true unemployment rate in the United States. There are many people who should be considered unemployed but are not. Some people are not even counted in the labor force when they should be. These people include those who have given up looking for a job for four weeks straight because they are discouraged as well as people who are in the armed forces. I personally thing that both
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TABLE OF CONTENT What is unemployment? Pg 3 Types of unemployment Pg 3 What is labor market Pg 5 Labor market and unemployment in Pakistan Pg 5 Labor policy in Pakistan Pg 6 Labor Market challenges faced by Pakistan Pg 7 Causes of unemployment in Pakistan Pg 9 Effects of unemployment in Pakistan Pg 9 Possible solutions Pg 11 How unemployment can be reduced Pg 12 Conclusion Pg 14 Survey form Pg 15 WHAT IS UNEMPLOYMENT? Unemployment is the percentage of
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PHILIPPINES UNEMPLOYMENT RATE Unemployment Rate in Philippines decreased to 6.80 percent in the third quarter of 2012 from 7 percent in the second quarter of 2012. Unemployment Rate in Philippines is reported by the National Statistics Office (NSO). Historically‚ from 1994 until 2012‚ Philippines Unemployment Rate averaged 9.14 Percent reaching an all time high of 13.90 Percent in March of 2000 and a record low of 6.30 Percent in September of 2007. In Philippines‚ the unemployment rate measures
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UNEMPLOYMENT ANALYSIS IN KENYA Dawn Mwalo Supervisor: assistant Fastova N.I. Kharkov National University of Radioelectronics (Lenina street 14‚ department of Economic Cybernetic‚ Kharkov 61166‚ Ukraine‚ (057)70-21-490) E-mail: elizabeth_mwalo@yahoo.com The given work is devoted to one of the most important problems of unemployment in many nations’ economies. The main goals of this work are to make analysis of the tendency of trend of the unemployment rate
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The unemployment rate is the number of people actively looking for employment divided by the labour force. The labour includes adults over the age of 16 who are employed or actively looking for work. The unemployment rate fluctuates because the previously unemployed people start looking for work‚ people who were employed lose their jobs and others stop looking for jobs. South Africa’s unemployment rate at the moment is 25.2%; the number of unemployed people is 4526 divided by the labour force of
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employers to post job openings that bar unemployed applicants‚ and by making unemployment a protected classification. As these proposed laws will impact businesses and how they operate‚ it is crucial for businesses‚ human resource professionals‚ and labor and employment counsel to understand the changing laws and the implications on employers with operations in each affected state. Once a better understanding of the anti-unemployment discrimination issue is gained‚ employers will be better prepared to
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