it on the Government The controversies about unemployment have been blamed on the government‚ how lazy the citizens of the United States are and immigration. The government has taken front seat for the blame of the failing economy; with high taxes‚ low paying jobs and government assistance at an all time high! The questions are: Has our government failed us as leaders? While or citizens of the United States are considered lazy‚ the high unemployment rate has caused the government to raise taxes
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The case of youth unemployment in Nigeria has been a popular discourse with various perspectives to causes and consequences of unemployment. The rate of youth unemployment has been alarming according to the National Bureau of Statistics. In 2004‚ young people aged between 15-24 years made up 52.9% of the total number of unemployed persons while those aged between 25-44 made up a further 41.1% . It is also estimated that there would be 14 million new entrants into the labour market between 2009-2011
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ARE GRADUATES TO BE BLAMED? UNEMPLOYMENT OF COMPUTER SCIENCE GRADUATES IN MALAYSIA By Norshima Zainal Shah Dublin City University‚ Ireland ABSTRACT The primary aim of this paper is to identify future help which can contribute towards reducing the unemployment rate of graduates in Malaysia‚ especially those with Computer Science Degrees. It does so by gaining initial insights into this problem through two groups: graduates and employers. The data draws on why graduates are unemployed from their own
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Econ 1023 (FR05B) Assignment One Due January 23‚ 2013 1. Classify each of the following items as included or not included in GDP. Give an explanation for those that you judge as not included. State when applicable‚ the expenditure category in which each good is included. a. The purchase of copy paper by PepsiCo‚ which is used by the company staff. Answer: This case is not included in GDP‚ because it is an intermediate goods. b. The purchase of an electronic handheld organizer
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Developing Recession with Rising Unemployment The economy as we know it today is developing a recession with rising unemployment. The US economy has experienced a decrease in real output for one quarter and leading indicators point to continued contraction in the current quarter. The unemployment rate last month was 5.8% and is expected to rise above 6% in the current quarter. With strict discipline‚ we can utilize fiscal or monetary policy tools in order to bring this nation back to an equilibrium
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A. Normative Minimum wage in my opinion does not create unemployment among young and unskilled workers. Most unskilled workers enter in the workforce earning minimum wage. Young people are eager to start working in most markets. They usually understand that they have to start out at a low rate of pay or minimum wage. B. Positive Usually when a product decreases in price more people want to have it. Take for example cell phones. When they initially hit the market they were basically
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focus in this essay lies with youth unemployment in South Africa. South Africa defines youth as people between the ages of 15 and 34 years old while the International Labour Organisation (ILO) defines youth in a more restricted manner as people between the ages of 15 and 24 years. Using South Africa’s definition‚ in December 2010‚ about 3 million young people were unemployed and 1.3 were discouraged. This translates to about 72 per cent of the overall unemployment. On the other hand when using the
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Introduction Attaining a full employment level‚ where only a natural level of unemployment exists‚ is one important macroeconomic objective and they key to this attaining this objective is job creation. This report is a cross sectional econometric analysis of how different factors lead to the creation of jobs in countries with differing Gross National Income per capita. When speaking of job creation‚ one can expect that the impact and the significant importance of a factor‚ such as growth rate of
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optimistic. Those school leavers in the age of 15-24 entering the labor market have little competitiveness compared graduate job applicants‚ especially when the supply of graduate workers are so abundant in the market (Chung Kim-wah 2009). The unemployment rate of them keeps rising and reached 19.5% in 2008 (Youth Study Series 2009). Those unemployed receive no salary while they need money for daily expenses‚ creating potential financial burden on them. Facing competition among themselves‚ the young
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Poverty and Unemployment in America The wet snow has been falling for two continuous days now. A large three-story building‚ which has not been kept in good condition‚ is located at the outskirts of town in a run down neighborhood. No tracks are visible from the front window‚ either meaning that no one has visited the house‚ no one has left the house‚ or the snowfall is so thick that it covers any sign of tracks instantly. In this case‚ the family has not made any attempt to leave the house
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