good news for you: according to the New York Times‚ the unemployment rate in America dropped to 7.7% which is the lowest rate in four years. But is this rate low enough? The answer is no. The labor market is far from recovery. There are around 11 million people who still need jobs. Throughout American history of unemployment‚ The United States has experienced 11 recessions since the end of the postwar period in 1948. The U.S. unemployment rate rose steadily from 5% in January 2008 to a peak of
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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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According from the article that I read about “The Unemployment Issue Among the Malay Job Seekers”‚ I do not agree with some of the statement that the writer states in the article. In my opinion‚ firstly‚ I do not agree when the writer say that Malays student can’t get along with other races students. From my experience‚ most Chinese students are hard to get along and tolerate with Malays or maybe Indians in school or college. I am not sure the statement is based on what IPT whether public or private
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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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Number: CIIT/FA14-BSE-083/ATK “Causes of Unemployment” There are many quotes about unemployment according to Calvin Coolidge unemployment occurs ‘’When large numbers of men are unable to find work unemployment results’’. According to Frank P. Louchheim ‚ ’’An ‘acceptable’ level of unemployment means that the government economist to whom it is acceptable still has a job’’. While George Walker Bush said‚ ‘’In the long run‚ the right answer to unemployment is to create more jobs’’. Keeping the above
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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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This paper demonstrates and discusses the subject of high unemployment in UAE‚ also the reasons behind it from different resources. Further the solution and the recommendation Introduction United Arab Emirates is one of GCC members which suffer unemployment increase since the early country development time of the 70th of the past century. According to the (C.I.A The World Factbook‚ n.d.) the unemployment rate for the United Arab Emirates is 2.1%; with roughly 32.6% of Emirati
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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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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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BUS640 Prof Michael Blagg September 19‚ 2011 Executive Summary The down turn of the economy has stirred up some issues that most people were not prepared to deal with. The unemployment rate is at a petrifying rate and the worst part is that it is even worse than it looks. There are many factors in addition to the unemployment rate alone that are going to prolong the recovery of the job market. In this paper‚ “underemployment” is defined and explained in terms of rates. Reasons why people are underemployed
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