HEADER: HOW UNEMPLOYMENT RATE AFFECT COUNTRIES How the Unemployment Rate Affects a Countries Economy In 2010 Abstract This paper is about how the high unemployment rate has an affect on the economy. The high unemployment rate had an affect on the Gross Domestic Production as well how it had an affect on the economy as well. This paper covers when the Gross Domestic Production went up the unemployment rate had gone down as well. The high unemployment rate also
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Measuring unemployment accurately is made difficult because of imperfect knowledge. Not all instances of unemployment are recorded‚ and some records of unemployment may not be accurate. Because the unemployed are eligible for benefits‚ some individuals may work‚ but not disclose it‚ and claim benefit. Conversely‚ many unemployed may not bother to inform the authorities‚ and this unemployment goes unrecorded. The Claimant Count records those claiming unemployment benefit (Job Seekers Allowance
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The Effects of Long-Term Unemployment on the U.S. Economy Unemployment is an extremely serious and scary issue due to the effect it has on our current state of economy. As a student and a future graduate‚ I am extremely concerned with this subject. If the job-market situation does not change for better‚ unemployment can represent a serious issue for all students‚ recent graduates‚ and current unemployed workers. And can have a significant effect on socioeconomic conditions and therefore‚ economy
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2 Individual Project 2: Expected U.S. Unemployment Rate: A look into the future January 18‚ 2011 Professor Lynn Moore Introduction The economy is in a real crisis regarding the rapid decline of employment across the nation. The United States unemployment rate at the end of 2010 was reported at 9.4 percent‚ however‚ despite the high percentage of unemployment nationwide there may be a light at the end of this very dark tunnel. The national unemployment rate between November of 2010 and December
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The Bahamas‚ like most countries‚ is encumbered by a variety of issues‚ for example crime‚ illegal immigration‚ education reform‚ economic growth and unemployment. These issues are reported by numerous medias one of them being newspapers. Newspapers are a reliable and popular source of receiving information. Frequently “newspaper vendors stand at the roadside during the morning rush hour‚ selling copies of the daily papers” and “commuters stop their cars amid traffic to buy copies” (Benjamin & LeGrand
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DESCRIPTION ....................................................................................... 6 CHAPTER 4: DISCUSSION AND FINDINGS ....................................................................... 8 4.1 Determinants of Economic Crisis and Unemployment in Brunei ............................... 8 4.1.1 Human Capital Performance ................................................................................ 8 4.1.2 Economic Diversification .................................................
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UNEMPLOYMENT- A CHALLENGE TO NIGERIAN YOUTH: ANY REMEDY! PREAMBLE In this period of economic meltdown‚ job loss‚ foreclosure and fear of uncertainty; the challenges of Nigerian youth are hydra-headed. However‚ one of the most crucial challenges presently facing Nigerian youth is unemployment. The rate of unemployment is becoming increasingly alarming. According to Rebecca Enobong Roberts‚ in the recent statistics claim‚ over 3 million youth in Lagos State alone are unemployed‚ about two million
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The definition of structural unemployment is the unemployment that results from structural changes in the economy which results in a long run mismatch of jobs being offered and skills of the labor force. The definition of poverty is the conditions of people who have very low incomes. As a single measure to help reduce structural unemployment and alleviate poverty we would recommend empowering the low income sector of the population with ‘free’ basic education and training. Free basic education
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With the ever increasing growth in technology‚ unemployment will be in the greatest danger in history. The world is growing faster than ever and with it come many beneficial advancements. But what is unaware to the world is behind the scenes; the economics of this world. Over the years unemployment has fluctuated due to the introduction of machinery. What used to be thirty cashiers in a Walmart‚ is now one employee overseeing thirty robotic cashiers. With robots‚ costs of production have decreased
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TRANSILVANIA UNIVERSITY FACULTY OF ECONOMIC SCIENCES BUSINESS ADMINISTRATION YEAR II ECONOMETRICS The analysis of the factors which influence the rate of unemployment Sacarea Alexandra Sabrina Table of contents 1.Objectives of project 2.Stages of analysis 2.1.Data collection 2.2.Estimation of parameters 3.Graphical representation 4.Statistical tests 4.1.Fisher Test 4.2.Student Test 5.Durbin-Wtason Test 6
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