In contrast if we look at the European Union currently, we can see for example Spain’s labour market has become incredibly tight with 26% unemployment (Guardian 2013), despite wage freezes, decreased imports and flexible working. Spain’s Debt to GDP ratio is still rising with no sign of recovery in the labour market.…
To be considered an ‘unemployed person’ you must be without work or a job, available to begin work and actively seeking new employment. The main reasons that people are usually left unemployed in Australia and around the world can be due to a person leaving their original job in search for a new one, jobs being season, for example fruit picking or working in a ski resort. Two other reasons that lead to unemployment is a reduction in consumer spending, therefore reducing the need for workers, and the use of new technology that can be used to effectively replace an employee.…
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 problem that brought by the poor economic situation. In this report, I aim to use the economic model and concepts I learnt to analyze the reasons that cause the high unemployment rate in Eurozone. In addition, those economic challenges faced by the countries in Eurozone also will be listed in the report. The last but not the least, the economic policy that adopted to solve the challenges will also mentioned in the report.…
With unemployment we need to see the “bigger picture”, past our own perspective, why there are so many people without work. An unemployed person may think that because he or she can’t find work that it is his or her problem alone. Instead it can be seen as a social issue if many thousands of people in society are also unemployed and struggling to find work. The approach which should also be taken when dealing with a complex issue such as unemployment is that the stereotypes about the issue should be discarded because…
Unemployment crisis: The demand for goods and services is needed to achieve the growth that will boost the economy and provide jobs.…
As defined by the International Labour Organization, "unemployed workers" are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work…
Philippines met its government projections of 6%-7% growth range; the country’s gross domestic product (GDP) growth increased to 6.6% in 2012 compared to 3.9% in 2011 (Central Intelligence Agency, 2013). Despite the Philippines’ economy doing well of late in growing its GDP, the country still faces enormous challenges in generating more jobs and quality employment for its people. Based on the July 2012 Labor Force Survey (LFS), the unemployment rate in the country is 7% (National Statistics Office, 2013). The unemployment figures for the Philippines in 2012 are among the worst in Asia, higher than its South-East Asian neighbors according to the Bureau of Labor and Employment Statistics (BLES) of the country (Nepomuceno-Rodriguez, 2012). The disparity between the high GDP growth and the unemployment rate attributed the result to the relatively slower economic growth of the country. Most of the unemployed in the Philippines by educational attainment: 21.7% were college graduates, 13.6 percent were college undergraduates, and 32.8 percent were high school graduates (National Statistics Office, 2013). By understanding what are factors affecting unemployment, it can give the country’s government an overview on how respond on this…
On the other end of the spectrum however, Germany has witnessed the opposite, “with unemployment figures at record lows since the 90’s” (5). Latest figures show that Germany has a jobless rate of 5.1%, giving it the 4th smallest unemployment rate in Europe behind its Scandinavian associates. Even with unemployment rates of less than half that of Frances; still it only sits one above them on the table in terms of GDP on a global scale at 4th. Nonetheless, what is strange is Germany is not the only country who is experiencing low unemployment rates at the…
Economy of an individual is at the utmost priority of every democratic as well as welfare state. Since the dawn of human history, individual needs have been prioritized by every human being. These individual needs can be met by proper sources of employment. After the transformation of the world from a feudal to an industrial society, the needs of an individual have risen sharply, giving due importance to finance.In Pakistan, due to gigantic rise in population, individual finances have been disturbed a lot. This is because of rising unemployment. The major cause of unemployment in Pakistan are following.…
(A Case Study of Khyber PakhtunKhwa Province) Abstract The Pakistan’s economy has covered a long distance from backward to developing stage and has now attaining the stage of take off. During the period it has confronted a number of hurdles and difficulties. The major problem related to absorbing ever growing population through providing them job opportunities. The economy being basically agriculture had surplus labour. The process of mechanization of agriculture added fuel to the fire and subsequently aggravated the problem because of additional labour rendered surplus by the agriculture sector. The slow process of industrialization amid the population explosion worsened the situation. This paper focuses on the basic issues and as an objective will suggest practicable measures for increasing the rate of employment or for that matter reducing the level of unemployment. Research Methodology To make an enquiry into the problem, find out the reasons for suggesting solution, secondary data available on official record will be used. First hand information where deem necessary will be collected through local inquiries with the use of questionnaire and face to face interview from a selected segment of the population. Variable: Unemployment rate. Objective of the study This paper primarily is meant to create awareness about the unemployment rate in the country and causes of unemployment in Khyber Pakhtunkhwa. As such it aims at creating an understanding among the readers on the issues relating to low rate of employment and its…
Pakistan's population has increased from 34 million in 1951 to 152 million in mid 2005. The addition of over 116 million Pakistanis in just five decades is due to the high population growth rates in the last thirty years. Continuing high population growth will amount to Pakistan's population reaching 220 million by the year 2020. Coupled with poor human development indicators such as low:…
Pakistan is a country gripped in political, social and economic turmoil. Our economy is at its lowest ebb with national debt higher than ever (insert stat).…
Bangladesh is one of the most densely populated countries in the world with 900 people living in the every square kilometer of its land. The per capita income of Bangladesh is $923 as on 30 June 2013. A developing country like Bangladesh which is so over populated and has so little employment opportunities at home is undoubtedly left with a huge fraction of unemployed manpower that cannot be absorbed by employment opportunities of her own. Bangladesh has an estimated labour force of 56 millions (age 10+), which grows 1.9% per year with a high rate of unemployment. In 2006 the size of unemployed labour force below the age of 25 exceeded 15 million (Islam n d).…
Pakistan is a developing country and youth in Pakistan makes up about 35% of it's total population. In the midst of crunching times, when Pakistan is facing severe issues such as terrorism, economic crisis, target killings, disunity and disunity, the burden to take the country out of the whirlpool is upon it's young people.…
Pakistan is a developing country and youth in Pakistan makes up about 35% of it's total population. In the midst of crunching times, when Pakistan is facing severe issues such as terrorism, economic crisis, target killings, disunity and disunity, the burden to take the country out of the whirlpool is upon it's young people…