the Effectiveness of government policy initiatives aimed at managing unemployment in Aust & Examine the Extent to which these initiatives may conflict with other macroeconomic objectives in the Australian economy. The labour force can be defined as the section of the population 15 years and above who are either working or actively seeking work. Australia’s current labour force is about 11.5million. Australia’s unemployment rate is calculated as the number of unemployed persons between 15 and
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Natural rate of unemployment The natural rate of unemployment (sometimes called the structural unemployment rate) is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s‚ both recipients of the Nobel prize in economics. In both cases‚ the development of the concept is cited as a main motivation behind the prize.[1][2] It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level. This level
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I. INTRODUCTION Unemployment is the condition of willing workers lacking jobs or "gainful employment". In economics‚ unemployment statistics measure the condition and extent of joblessness within an economy. A key measure is the unemployment rate‚ which is the number of unemployed workers divided by the total civilian labor force. The unemployment rate is also used in economic studies and economic indexes such as the Conference Board’s Index of Leading Indicators. Unemployment in an economic sense
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Nowadays unemployment is one of the biggest problems among all countries in the world. It is caused by many reasons and it is more complex than it may seem. 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 problem connected with unemployment is lack of workplaces. It happens when there are a lot of people interested for particular post. It demotivates and discourages
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to 59% in 2009 of the “proportion of the population of working age in the workforce”. It is commonly believed that it’s harder to get back into the workforce the longer you’re out‚ so this “could turn the temporary macroeconomic problem of high unemployment in the slump into a structural shift towards poverty”. We also must consider the incredibly high incarceration rate in America‚ which plagues 37% of black young people without high school degrees. Having a prison record is correlated with lower
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AIR POLLUTION AND HOW TO REDUCE IT Today the world has become highly industrialized and modernized‚ which makes human life much easier and more comfortable. In spite of the advantages‚ the development of industry does have a lot of disadvantages‚ especially air pollution. All over the world‚ air pollution is increasing at an alarming pace and at the same time‚ it has a serious effect on the earth and human health‚ so more and more people are concerned about it. As a result‚ measures are
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Market Failure In Provision of Unemployment Benefit Market failure occurs when resources aren’t used efficiently. This can be seen in any market‚ whether a publics good or a private good. Market failure can also be seen in the provision of unemployment benefits and unemployment insurance‚ as the resources could be used inefficiently and misused in different ways. For the purpose of this essay I will focus on how MORAL HAZZARD‚ prevents the efficiency in unemployment benefits and insurance‚ I will
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Yuvraj Suri- Employment How has Unemployment been linked with poverty in past few years? Unemployment lies at the core of poverty. For the poor‚ labor is often the only asset they can use to improve their well-being. Hence the creation of productive employment opportunities is essential for reducing poverty and it is crucial to provide decent jobs that secure income for the poor. As the rate of unemployment increases the poverty would also increase as the people’s wants would increase. GLOBAL
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What can we do to reduce our ecological footprint? There are many thing. For example‚ in our house‚ we compost all organic matter. We also recycle everything that our local community accepts at the recycling center. In addition‚ we often choose the items we buy based on the amount of packaging they have. The combination of these three things reduces our garbage output to only one 30-gallon bag every two weeks for a family of two. Not too bad. And the compost we make goes into our organic garden plot
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Reduce your Ecological Footprint Essay You may not realize it‚ but having a large ecological footprint can cause a vast effect on our earth. We may not see an immediate affect but slowly we are becoming the big reason for the earth’s loss of natural resources. The ecological footprint measures human impact on the earth. The ecological footprint calculates how much land and water area we use. This includes the areas for producing the resources we consume‚ the space for our buildings and roads‚ and
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