of inflation Unemployment – people who are willing and able to work but who do not have a job. Frictional unemployment – people who are in-between jobs Structural unemployment – a permanent decrease in the demand for a certain type of labour‚ this could be due to changes in consumer tastes‚ declining industry or new technologies. Cyclical unemployment/ demand-deficient unemployment/ Keynesian unemployment – this is due to cyclical downturns in the economy. Seasonal unemployment – jobs which
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What reasons cause youth unemployment in Hong Kong and how can we deal with it? Leung Ka Hei (8039095) Introduction According to a new International Labour Office report1‚ “it shows that young people in nearly all countries of the world are twice as likely as older persons to suffer from unemployment. It also notes that the participation rate of youngsters in the labor force is decreasing in most countries‚ despite widespread efforts to improve access of young workers to the job market.” It is
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2012‚ and reached $16‚600 in 2013. Further‚ the current Uruguayan Unemployment Rate is 6.5% as of 2013. This Unemployment Rate is up from 6% in 2012‚ which places Uruguay further from optimal equilibrium phase of the Business Cycle. However‚ Uruguay’s Unemployment Rate is much better than in 2008 when it was 7.6% and was above the accepted Natural Rate of Unemployment (NRU) of 4-6%. Indicating economic expansion‚ the Unemployment Rate has dropped significantly‚ though inconsistently‚ as Uruguay’s
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Acquisition University; Jan/Feb2011‚ Vol. 18 Issue 1‚ p63-80‚ 18p‚ 2 Color Photographs‚ 5 Graphs Hadley Malcolm‚ Gen Y most likely to hold low-paying jobs in retail‚ USA Today‚ 07347456‚ AUG 22‚ 2012. Feldstein & Martin. Unemployment compensation: its effect on unemployment. Monthly Labor Review; Mar76‚ Vol. 99 Issue 3‚ p39‚ 3p.
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economic injustice‚ and affordable housing. All of these challenges pose problems to human services professionals who are trying to assist clients with these issues. As a team‚ we will discuss the challenge of the high rate of poverty due to unemployment. In this paper we will: state the problem(s)‚ challenge(s)‚ or issues(s) that we discovered; discuss how we solved the problem and determined a possible solution; describe the technological tools that we decided would assist in resolving the issue(s);
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to workers under 20 years old. However‚ this increase in wages has caused a lot of controversy and disagreement. This minimum wage increase applies to several models and concepts associated with our economics class. Some of these concepts are unemployment; specifically cyclical‚ inflation‚ demand‚ substitutions and consumer price index. Additional models that we have learned that also can be applied to the minimum wage increase are
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government thinks demand-side policy can lower unemployment it will only be effective for cyclical unemployment because it can close a deflationary gap. It will not be effective for natural unemployment because even when the economy is at full unemployment there will still be natural unemployment and demand-side policy can only bring the economy to full employment. Furthermore‚ natural unemployment is caused by supply-side factors. The way to lower natural unemployment is by supply-side policies. An advantage
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having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? If I were having a conversation about why the economy is experiencing high unemployment and what the government should do about it‚ with a Keynesian and a Classical economist I think that the economists would explain the situations
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basis for explaining that money might just not be neutral as largely believed by economists. It is popularly yet implicitly understood that decisions taken during economic policies are influenced by the fact that economic growth is fuelled and unemployment level brought down‚ while implicitly a robust growth can actually lead to high inflation (Lacker and Weinberg‚ 2007). In all these years there have been numerous debates‚ research work and published journals that have explored alternative views
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of creating jobs and adding a higher level of job availability. The act totaled nearly 890$ billion dollars total and key factors of this act include education‚ health‚ energy‚ spending in infrastructure federal tax incentives‚ and expansion of unemployment benefits and other social welfare provisions. Further looking art the key factors of the act we notice that a high amount had been invested into infrastructure on important matters such as transportation‚ water‚ communications and energy locals
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