Understanding the Factors Affecting The Unemployment Rate Through Regression Analysis An Individual Report Presented to The Faculty of Economics Department In Partial Fulfillment To The Requirements for ECONMET C31 Submitted to: Dr. Cesar Rufino Submitted by: Aaron John Dee 10933557 April 8‚ 2011 1 TABLE OF CONTENTS I. INTRODUCTION A. Background of the Study B. Statement of the Problem C. Objective II. THEORETICAL FRAMEWORK AND RELATED LITERATURE A. GDP B. Average Years in School
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Part A Unemployment means the situation where people in the labour market who are available and willing to work but unable to find a job. In the economy‚ It is important to measure the unemployment as an indicator of whether the economy is running efficiently or not. There are two major methods of measuring unemployment in the UK‚ the Claimant count and the ILO count. The Claimant count‚ which is related to benefits‚ is based on the administrative records of the number of people claiming
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Demographic Breakdown of Unemployment and Non Labor Force Workers in the Nation There are many different age brackets‚ genders‚ and ethnicity that make up unemployment in the labor force. Some of the same people who were once in the labor force also make up the workers who are not counted in the labor force anymore. Unemployment is important to the economy and the society that we live in because the more people without any jobs and/or not having a legitimate source of income will increase crime
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Unemployment refers to the numbers of people not working and can be measured by the claimant count and labour force survey. There are different types of unemployment and each of them requires different policies to overcome them. Firstly Cyclical unemployment or demand deficient unemployment is caused by a lack of spending throughout the economy and generally affects all sectors of the economy because spending is falling. To overcome this‚ the government needs to introduce policies which seek
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inadequacy of welfare provisions that could not deal with poverty particularly with increasing urbanisation and industrialisation (Thane‚ 1996‚ p. 7). The worldwide depression from 1929 would lead countries to consider further welfare developments. High unemployment (12% of the working population in Britain at its worst) showed that better welfare provision was needed (Robbins‚ 1994‚ p. 208). From such modest roots the public sector in Britain for example represents around 40 % of the economy (Simpson‚ 2005
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impact of negative growth on unemployment in countries such as those in the Caribbean [10] Unemployment arises when someone is out of work and actively seeking employment. Comparisons of unemployment internationally use a standardised measure of unemployment found a survery of the labour force. The recent global economic crisis has had a big impact on unemployment throughout the world. The Caribbean economies‚ in particular‚ have seen a sharp rise in unemployment and an increase in poverty due
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Chapter 1 1.1 Introduction Global economic slowdown a situation in which GDP growth slows but does not decline. For example‚ if GDP goes from 5% growth to 3% growth‚ an economy is experiencing a slowdown (http://financialdictionary.thefreedictionary.com/Economic+Slowdown‚ 2012). Most analysts do not consider a slowdown to be a recession‚ as global recession is a decline in a country’s gross domestic product (GDP) growth for two or more consecutive quarters of a year‚ it also preceded by several quarters
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Unemployment is one of the popular and serious issues in both developed and developing countries. Therefore the government should focus on evaluating potential causes and also give some possible solutions to this problem. This alarming situation is due to some reasons. First of all‚ people are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another reason is lack of workplaces
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PROPOSAL UNEMPLOYMENT AND PSYCHOLOGICAL DISTRESS AMONG GRADUATES BY UGWU KELECHI ESUT/PG/Msc/011/11785 LECTURER; CHIEDOZIE CHAPTER ONE INTRODUCTION This research project titled unemployment and psychological
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How is the increasing rate of unemployment affecting the youth of South Africa? 1. Introduction A major problem in South Africa is the large number of young persons who are unemployed. In South Africa 50% of the South Africans who don’t have jobs‚ are youngsters. Today‚ a matriculation qualification is not enough to get a job in this country‚ even having a degree does not necessarily guarantee employment. South Africa has an acute problem of youth unemployment that requires a multi-pronged
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