The national unemployment rate fell to 4.4 percent in October the lowest level of unemployment since May 2001. This is a sign of unexpected strength in the job market. [The unemployment rate is based on a survey of households‚ rather than the survey of employers used to calculate the payroll number. Unemployment does not include full-time students‚ the retired‚ children‚ or those not actively looking for a paying job.] The unemployment level is defined as the labor force minus the number of people
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Literature Review There is no doubt that unemployment is a burning issue in our society today. By way of an introduction it would be necessary to put a definition to the term unemployment as opposed to employment. A person is considered to be employed if that person has a full-time job and obtains a salary or wage consistent with the qualifications that he or she possess. Unemployment on the other hand‚ refers to situation where a person is a part of the labour force‚ is capable and willing to work
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Youth unemployment is one of the most critical challenges the world is facing today: young people make up almost half of the world’s unemployed‚ despite accounting for only one quarter of the working population. Youth unemployment is the unemployment of young people‚ defined by the United Nations as 14–28 years old. An unemployed person is defined as someone who does not have a job but is actively seeking work. In order to qualify as unemployed for official and statistical measurement‚ the individual
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Unemployment Unemployment occurs when people are without work and actively seeking work. Africa is deeply affected with a high rate of unemployment especially among the youth. Africa is now having the most youthful population in the world with the youth covering close to between 60% and 70% of the continents population. This menace poses great threats to the strength and growth of Africa. Though unemployment is seen manifested all over the world‚ the case of Africa is very dilapidating to say
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Bartolotta Ms. Decap English 10 January 17 2014 Unemployment Proposal Unemployment rates are skyrocketing. According to the Internet‚ 12% of the U.S. population is unemployed. Unemployment not only effects the lives of the unemployed‚ but their families and communities too. The stress of unemployment can lead to declines in individual and family well-being and could potentially effect the outcomes of their children. Widespread unemployment in neighborhoods reduces resources‚ which may result
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The global recession was due to the US losing billions of money in different countrie has led to layoffs. . Layoffs had affected the citizens‚ but mainly the foreigners working indifferent countries the first to be fired was the foreigners working in a country because all the countries would not want to keep their citizens jobless and employ a foreigner. The property and the construction business has fallen very low nearly 80%. There are no new projects coming up and some of the existing projects
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Table below represent US trade balance with China over years (2007-2011): Years Export 2007 62‚936‚891‚576 2008 69‚732‚837‚543 2009 69‚496‚678‚611 2010 91‚880‚613‚079 2011 103‚939‚433‚941 Years Import 2007 321‚442‚866‚934 2008 337‚772‚627‚823 2009 296‚373‚883‚488 2010 364‚943‚854‚151 2011 399‚361‚922‚088 Years Trade balance with China (millions of dollars) 2007 -258‚505‚975‚358 2008 -268‚039‚790‚280 2009 -226‚877‚204‚877 2010 -273‚063‚241‚072 2011 -295‚422‚488‚147 China
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Macroeconomics Assignment: Unemployment Unemployment Data for August of 2013 Employment (rose/fell/remained unchanged)‚ and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month. Total nonfarm payroll employment increased by 169‚000 in August‚ and the unemployment rate was little changed at 7.3 percent‚ the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. The jobless rate had
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Unemployment means being out of job or a situation where the individual is willing to work but has none. It either means that they are over qualified for the given work or it is not suited for them. People are unemployed because of insufficient demand of work. Unemployment is a huge challenge facing Philippines. Since that this is one of the countries that have high unemployment rates‚ it slows the growth of the country. Parkin et al‚ states that “To be counted as unemployed‚ a person must be available
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Crenshaw Cause and Effect of Unemployment on an Individual/Family Michelle James English Composition February 19‚ 2015 Job loss has a devastating impact on families and children‚ especially when the search for another job becomes prolonged and fruitless. Unfortunately‚ few public programs and coping mechanisms are available. Unemployment is one of the many factors associated with a declining economic condition within the country manifested by the recession‚ or the continuing decline of
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