three types of unemployment are: frictional‚ structural‚ and cyclical (Littenberg & Tregarthen‚ 2009). Frictional unemployment exists because it takes time for job seekers to find businesses who are looking to hire and vice versa (Littenberg & Tregarthen‚ 2009). Businesses post wanted ads on job search sites and unemployed workers use the sites to find employers who are looking for their skill set. The time it takes the two to find each other is frictional unemployment (Littenberg &
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disparities in the quality of education between rural and urban India (aka Bharat and India) have finally come true. Labour Ministry data indicates that higher education and degrees are not helping rural job aspirants to get their coveted jobs. Not only unemployment among rural graduates and post-graduates is higher‚ but also they lack basic skill-sets to fill the demands of market economy. The dangerous trend‚ if anything‚ may offset the gains by India at the literacy front. While the country has added more
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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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The subject of unemployment a major challenge is a controversial issue. In depth analysis of unemployment a major challenge can be an enriching experience. Indispensable to homosapians today‚ it is impossible to overestimate its impact on modern thought. It still has the power to shock global commercial enterprises‚ who are yet to grow accustomed to its disombobulating nature. With the primary aim of demonstrating my considerable intellect I will now demonstrate the complexity of the many faceted
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acceleration of its already high unemployment rate. South Africa currently has one of the highest unemployment rates internationally. This is the culmination of a long-term‚ yet steady‚ rise in unemployment that started as early as the 1970s (Seeking and Natrass 2006)‚ but which has rapidly accelerated in the post-apartheid period. South Africa as a developing country has faced a crisis of the high rate of unemployment in recent years. In the South African labour market‚ unemployment has remained a crucial
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COSTS OF UNEMPLOYMENT Some people believe that recessions are neither good nor bad but simply part of the natural survival of the fittest in the business world. Actually‚ it is not true. In The Costs of Unemployment‚ the authors tell us both the good and bad influences of recessions. Recessions will cause unemployment because of the loss of output and GNP. Some people may argue that unemployment is ¡°a part of the functioning of the economy¡±. They are partly right‚ for the unemployment is inevitable
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social circumstances that are studied‚ unemployment is an issue in which sociologists thrive. Conflict in the areas of age‚ race‚ gender‚ and disability is common among the employed as well as the unemployed. From a sociological perspective‚ unemployment can be studied through both the Functionalist Theory and Conflict Theory. It also touches upon the results of unemployment in societies and institutions such as family‚ education‚ government‚ and health. Unemployment affects almost everyone to some extent
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Cause and Effect of Unemployment How is unemployment affecting the world? The recession‚ the failing economy‚ and the government losing money are things that cause unemployment. There is a strange unwillingness by both liberal and conservative commentators whom assess blame for the loss of well-paying American jobs. The causes are not only the recession and the collapse of the housing market‚ but bad decisions by the government and businesses that need to be addressed. Since 2000‚ the United States
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UNEMPLOYMENT in the Bahamas is down by one per cent‚ according to government statistics. The Department of Statistics released the results of its Labour Force and Household Income Survey yesterday‚ conducted in May‚ which revealed a slight decrease in the number of unemployed persons‚ a decline of less than 1 per cent in the unemployment rate which now stands at 13.7 per cent. However‚ the report explained the two major factors contributing to the decline in the unemployment rate were persons
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Youth Unemployment South-Africa is currently struggling with a large unemployment amongst the youth. The National Development Plan has identified a number of policy interventions to improve youth employment. In your view‚ what are the causes of youth unemployment and what should government do to improve the levels of youth employment? Identify the pros and cons of each of your proposals. “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime” (Chinese
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