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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------------------------------------------------- Psychological Effects of Unemployment and Underemployment The current state of the economy continues to be an enormous stressor for Americans‚ with 78 percent reporting money as a significant source of stress (APA‚ 2009). Unemployed workers are twice as likely as their employed counterparts to experience psychological problems such as depression‚ anxiety‚ psychosomatic symptoms‚ low subjective well-being and poor self-esteem (Paul & Moser‚ 2009). Like unemployment‚ underemployment (e.g.‚ people
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1. Identify the type of unemployment referred to in the BBC article and outline the main causes of this form of unemployment. (1) Cyclical Unemployment‚ ment to describe the unemployment associated with business cycles occuring in the economy. Cyclical unemployment occurs during recessions because‚ when demand for goods and services in an economy falls‚ some companies respond by cutting production and laying off workers rather than by reducing wages and prices. (2) Unemployed individuals are
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What caused unemployment in France? This is the underlying question‚ reading through the case‚ it is apparent that many influential people‚ be it‚ high ranking officials in the French government or students like us at Thunderbird‚ have all tried to understand the root problem. Many measures were taken in France during those times of crisis‚ however it is clear to me that all of the laws they have adjusted during that period of 1981-1994‚ have been “Kneejerk” reactions‚ rather than a sustainable solutions
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Unemployment Problem in Australia Introduction According to the Labor government and the mainstream media‚ Australia has one of the lowest unemployment rates in the world. In reality‚ joblessness has risen to serious levels‚ and is worsening‚ in working class suburbs across Australia. Officially‚ the unemployment rate in Australia increased to 5.70 percent in October of 2013 from 5.60 percent in September of 2013(Trading Economics‚ 2013). Unemployment is troubling for the unemployed people and
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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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Theories of Unemployment: The article that I took was from the Irish Independent which was printed on the Wednesday 2nd February 2011. 5‚700 more jobless signing on The number of people signing on for benefits increased by more than 5‚700 in the last 12 months‚ official figures revealed today. There were 442‚677 people on the dole in January‚ taking the unemployment rate to 13.4pc - a slight fall on the previous month. Separate figures compiled by the Government revealed there were 4‚893 redundancies
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Unemployment is a serious problem in our country‚ which leads to poverty. Many people are eager to find jobs SuPport themselves as well as their families but there are not enough jobs for everyone. As a result the problem of unemployment is seen at every level. Lack of job opportunities has brought depression and hopelessness among our youth. It has made them to go astray which creates many other problems like drug addiction‚ identity crises‚ etc. Let us first examine the causes of the problem
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Institution: Inflation is the rise in general prices of goods and services over a specific period of time. Unemployment is a state where people are able and willing to work at the ongoing market prices of labour but they are unable to secure a job. According to the Phillips curve‚ there is a consistent relationship between inflation and unemployment (Nevile‚ J. W. 1981‚ pg 3). When the rate of unemployment is low‚ the level of inflation is high and when the level of employment is high‚ inflation level is
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UNEMPLOYMENT PROBLEM IN INDIA India’s educated youths are facing some serious issues like educated unemployment and underemployment. Currently‚ in India‚ we have fairly low inflation but unemployment is high. In particular‚ educated unemployment is very high. It is around 20 % among graduates. One suspects that political instability in the country‚ lack of entrepreneurship‚ lack of quality education and quality students‚ for instance is the result of excessive unemployment. Bad education
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