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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South African Unemployment The Republic of South Africa‚ while certainly taking forever to do so‚ made monumental leaps with regards to civil rights when in the early 1990s when the government repealed Apartheid legislation and had its first universal elections held in 1994. A quick look at GDP numbers and you would find that South Africa has the largest economy in Africa‚ and so without delving deep into it one might think that the economy and country have been prospering post Apartheid. After
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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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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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digging an air raid shelter for a hospital in 1971 . As well as her tomb there also were two other bodies found‚ her husband and a young man said to be her son. She was the wife of King Li Cang. Xin Zhui‚ died around about 213 BC‚ at around 50 years of age and was born at around about 163 BC. Her autopsy revealed that her body was in the same state a person who had recently died. The autopsy
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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 Unemployment arises whenever the supply of labour exceeds the demand for it at the prevailing wage rate. Causes of unemployment can therefore be analyzed from both the supply and the demand sides of the labour market in Nigeria. On the supply side‚ there is the rapidly growing urban labour force arising from rural-urban migration. Rural-urban migration is usually explained in terms of push-pull factors. The push factors include the pressure resulting from man-land ratio
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Youth unemployment in Kazakhstan Kazakhstan - one of the fast developing countries in the world where young people must become a major demographic in the workforce. It is difficult to assume that the «next generation» can be considered as a self-sufficient group of people in the state. According to the research of statistical organizations about a half of the world’s population under the age of twenty four is unemployed. Recently‚ in Kazakhstan‚ it has become a tendency that most young people
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I have experienced while seeking for a job. My issue finding a job had become a very serious subject in high school. Growing with a family who had been raised in a harsh environment is different than how I was raised. I had not been aware that unemployment was a big societal issue because I have never been told to go outside the house and work. My parents had financial problems growing up‚ and still till this day they are seeking a good job. People who were unemployed had to come across
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