the article. Graduate unemployment The article said: “The institute’s report comes a day after a research body warned graduate unemployment could hit record levels as a result of planned public spending cuts. The Higher Education Careers Service said that because so many college leavers join the public sector‚ they were especially vulnerable to cuts.” Graduate unemployment is unemployment among people with an academic degree. Research undertaken proved that the unemployment‚ and much more so‚ the
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High unemployment rate hits Eurozone Executive summary This report is going to evaluate the financial situation which happened in the Eurozone since the year 2008. As we all know‚ the Eurozone suffers the financial crisis and debt crisis in the 2008 and 2010 respectively. This two events lead the economic situation in Eurozone falls into the recessionary status. As the economy continues to fall down‚ the countries in Eurozone is plagued by many problems. And the unemployment issue is a main
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FACTORS CONTRIBUTING TO HIGH UNEMPLOYMENT RATE AMONG GRADUATES. CARRINE .A. NANDWA ABSTRACT Each year numerous graduates emerge and start the search for jobs with little or no success. This project will study some of the factors leading to unemployment among graduates despite being educated and competently qualified to work in their area of study. Some of the factors to be considered are gender‚ experience‚ graduate success among others. The data for this research will be mainly primary data‚
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Why would the government want to intentionally raise unemployment and hurt the economy? When raising minimum wage‚ that is what the government is doing. The first federal minimum wage was established during the Great Depression. It was meant to increase wages to create a better life for those struggling. People then tended to buy more which caused more job openings (“The Minimum Wage”). This helped a lot during the Great Depression because it made employers pay the people a fair wage. The current
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THE LONG-TERM EFFECTS OF UNEMPLOYMENT ON A PERSON In the current economic recession‚ unemployment is not only a terrible problem of the society but also the concern of each individual. Because it causes a large number of long term consequences. From my point of view‚ there are two main long-term effects which the unemployed are facing with‚ relating to their material and spiritual life. The first effect which unemployed persons are directly affected is their material life. The majority of unemployed
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Unemployment – France vs. Germany Unemployment is defined by the Bureau of Labour Statistics as people aged 16 or more who are available for work‚ have made specific efforts to find work for the past four weeks but cannot secure a job (1). This essay will be looking at unemployment; however it will be covering a particular element about this subject. Why two similar performing economies can have different unemployment rates will be the main body of this essay. The two examples I will be using to
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Ans: 1(a) Unemployment Rate = Unemployed Employed + Unemployed In January 2012‚ 141‚608 thousand were employed and 12‚748 thousand were unemployed. Unemployment rate = 12‚748 ÷ (141‚608 + 12‚748) = 8.26% In January 2013‚ 143‚322 thousand were employed and 12‚332 thousand were unemployed. Unemployment rate = 12‚322 ÷ (143‚322+12‚332) = 7.92% 1(b) Employment-Population ratio = In January 2012‚ 141‚608 thousand were employed and total population was 244‚663 tnousand. Employment-Population ratio
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South Africa has had a pervasive unemployment problem for the past forty years (Lam‚ Leibbrandt‚ & Mlatsheni‚ 2007). According to the Quarterly Labour Force Survey conducted by Stats SA (2012)‚ of the 10.4 million South Africans within the ages of 15 and 24 years‚ 3.3 million (31.6%) are not in employment‚ education or training (NEET). The South African government realized that unemployment‚ inequality and poverty in South Africa are a problem and thus appointed the National Planning Commission
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Macroeconomics‚ 12e (Gordon) Chapter 2 The Measurement of Income‚ Prices‚ and Unemployment 2.1 Why We Care About Income 1) Job openings are plentiful when the A) actual real GDP is above the natural real GDP. B) natural real GDP is above the actual real GDP. C) natural real GDP is increasing rapidly. D) None of the above. Question Status: Previous Edition 2) The real income per capita is a measure of the A) well-being of every individual in the nation. B) well-being of the average individual
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Advances in technology will result in a growth in unemployment. Technological advances allow society to produce more output from the existing mix of resources. These advances may take the form of less costly methods of producing existing output or may result in the production of new (or substantially improved) commodities (such as DVD players‚ HDTV‚ anti-lock braking systems‚ and similar innovations). Society clearly gains from the production of either more output or more highly valued output. Nevertheless
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