High unemployment rate hits Eurozone Executive summary 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
Premium Unemployment
Developing Recession with Rising Unemployment The economy as we know it today is developing a recession with rising unemployment. The US economy has experienced a decrease in real output for one quarter and leading indicators point to continued contraction in the current quarter. The unemployment rate last month was 5.8% and is expected to rise above 6% in the current quarter. With strict discipline‚ we can utilize fiscal or monetary policy tools in order to bring this nation back to an equilibrium
Free Monetary policy Federal Reserve System
Introduction Attaining a full employment level‚ where only a natural level of unemployment exists‚ is one important macroeconomic objective and they key to this attaining this objective is job creation. This report is a cross sectional econometric analysis of how different factors lead to the creation of jobs in countries with differing Gross National Income per capita. When speaking of job creation‚ one can expect that the impact and the significant importance of a factor‚ such as growth rate of
Premium Regression analysis Income Gross domestic product
Econ 1023 (FR05B) Assignment One Due January 23‚ 2013 1. Classify each of the following items as included or not included in GDP. Give an explanation for those that you judge as not included. State when applicable‚ the expenditure category in which each good is included. a. The purchase of copy paper by PepsiCo‚ which is used by the company staff. Answer: This case is not included in GDP‚ because it is an intermediate goods. b. The purchase of an electronic handheld organizer
Premium Unemployment Inflation Economics
Psychological Effects of Unemployment and Underemployment Individual and family consequences. Job loss is associated with elevated rates of mental and physical health problems‚ increases in mortality rates‚ and detrimental changes in family relationships and in the psychological well-being of spouses and children. Compared to stably employed workers‚ those who have lost their jobs have significantly poorer mental health‚ lower life satisfaction‚ less marital or family satisfaction‚ and poorer
Free Unemployment
Abstract One of the most visible forms of unemployment is the men who stand at the side of the road or on corners daily‚ waiting for any job that may come their way. It is estimated that there are nearly 1‚000 places in South Africa where a minimum of about 45‚000‚ mostly black African men‚ stand‚ waiting to be picked up. The South African space economy is characterised by an uneven distribution of economic activities. International empirical studies have shown that there is a geographical or spatial
Premium Unemployment
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
Free Economics Macroeconomics Employment
The US has recently reached the lowest unemployment rate： 4.5%. In this article‚ the author provided different aspects of US’s low unemployment rate and the result of such a low unemployment rate. Comparing to the unemployment rate (10%) after 2008’s recession‚ US is now reaching a relatively low unemployment rate. A low unemployment rate is one of the four macroeconomic objectives that economists always want their nations to achieve. Unemployment is simply defined as the state of being out of
Premium Unemployment Inflation Economics
crisis. In last few years‚ unemployment has become a serious and top most problem in many part of the world. Also increased globalizations have put more employee job into risk. The under developing countries like India‚ china are facing their bad time. Emerging economies like China and India are affected by the negative influence of the US Subprime Market Crisis. By reducing the demand for labor we can bring economic downturn‚ but it tends to increase the unemployment level in the formal sector
Premium Unemployment Poverty Economics
47of Unemployment: the Case of Malaysian Graduates ISSN 1511-4554 Estimating Psychological Impact (1): 33-53‚ 2010 Estimating Psychological Impact of Unemployment: the Case of Malaysian Graduates Hock-Eam Lim* Universiti Utara Malaysia Abstract: The objective of this paper is to estimate the psychological impact of unemployment for a group of 240 Malaysian graduates during their transition from university to labour market. There is evidence of negative psychological impact of unemployment. Results
Free Economics Unemployment Regression analysis