Causes and Effects of Unemployment Unemployment or joblessness is a state of life in which a person is missing a paid employment opportunity and is actively seeking work. Nowadays hundreds of millions of people are off the pay roll‚ roughly corresponding to about seven percent of the world’s population‚ whereas these rates can be much higher in regions of Southern and Western Africa or the Middle East. Furthermore‚ in the era of globalization and in a time of financial market disruptions unemployment
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The Long-Term Effects of Youth Unemployment Dr. Thomas A. Mroz and Dr. Timothy H. Savage University of North Carolina‚ Chapel Hill and Welch Consulting Economists A STUDY BY THE EMPLOYMENT POLICIES INSTITUTE October 2001 he Employment Policies Institute (EPI) is a nonprofit research organization dedicated to studying public policy issues surrounding employment growth. In particular‚ EPI research focuses on issues that affect entry-level employment. Among other issues‚ EPI research has quantified
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focus in this essay lies with youth unemployment in South Africa. South Africa defines youth as people between the ages of 15 and 34 years old while the International Labour Organisation (ILO) defines youth in a more restricted manner as people between the ages of 15 and 24 years. Using South Africa’s definition‚ in December 2010‚ about 3 million young people were unemployed and 1.3 were discouraged. This translates to about 72 per cent of the overall unemployment. On the other hand when using the
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Ralfauel Crenshaw Cause and Effect of Unemployment on an Individual/Family Michelle James English Composition February 19‚ 2015 Job loss has a devastating impact on families and children‚ especially when the search for another job becomes prolonged and fruitless. Unfortunately‚ few public programs and coping mechanisms are available. Unemployment is one of the many factors associated with a declining economic condition within the country manifested by the recession‚ or the continuing
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The case of youth unemployment in Nigeria has been a popular discourse with various perspectives to causes and consequences of unemployment. The rate of youth unemployment has been alarming according to the National Bureau of Statistics. In 2004‚ young people aged between 15-24 years made up 52.9% of the total number of unemployed persons while those aged between 25-44 made up a further 41.1% . It is also estimated that there would be 14 million new entrants into the labour market between 2009-2011
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The youth unemployed should be one the groups the most in need for financial support in Hong Kong. They face keen competition and suffer from the local economic regression‚ which create difficulty to them earning a living. Young people‚ in general‚ refers to people in the age groups of 15-19 and 20-24 (Chung Kim-wah 2009). They are recognized as labor force in Hong Kong‚ but their employment opportunities are not optimistic. Those school leavers in the age of 15-24 entering the labor market have
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(temporarily‚ I hope) I am one of them. Yet I am convinced there has never been a better time to be young. The world is bursting with opportunity; every day‚ new inventions answer questions we had never thought to ask. It’s time to tackle youth unemployment in that spirit; as Einstein said‚ “we can’t solve problems by using the same kind of thinking we used when we created them.” Generation Y should stop asking “why me?” and start asking “why not?” First‚ we must adopt the right mindset: positive
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Causes and Effects of Unemployment Travis Epling Strayer University ENG 105 Jeanette Trammel 9/14/14 Causes and Effects of Unemployment There are many reasons for unemployment in the United States and around the world. Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment‚ it has a devastating effect on the individual‚ family‚ and economy. Unemployment defined by the Encyclopedia Britannica is the condition of one
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Causes and Effects of Unemployment Unemployment defined by the Encyclopedia Britannica is the condition of one who is capable of working‚ actively seeking work‚ but is unable to find any work. In addition‚ to define a person as unemployed‚ the person must be an active member of the labor force in search of work. (Encyclopedia Britannica‚ 2012) There are three different types of unemployment: frictional‚ structural‚ and cyclical. Due to various causes in the economy‚ there will always be a certain
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Unemployment – Causes I am going to offer my theory as to the real cause of unemployment‚ for every cause there is an effect. The process of cause and effect. It’s hard to live a normal healthy life without a job and money. There are many reasons why people are unemployed‚ but in turn this state of unemployment can cause one to experience financial‚ emotional‚ and personal problems. The most common causes of unemployment are getting fired and laid off for specific reasons
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