Unemployment can be measured by the claimant count or the labour force survey. Discuss the relative reliability of these two measures. Unemployed is the percentage of the workforce which is able‚ available and willing to work at the current wage rate but cannot find work despite seeking for a job. Claimant count is a measure of unemployment which includes those unemployed people who are eligible to claim the Job Seeker’s Allowance or who have enough National Insurance Credits. It is very reliable
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Youth unemployment in Australia has been a problem of the past and is rising with poor implementations. As such‚ various factors have to be contributing towards the issue. Contributing factors are approaches or methods that escalate the problem‚ and needs attention should be accorded. Answering the question will develop insights on some of the causes that are global‚ but are not significant in Australia. The cause of unemployment according to Bond et al. (2015) is low education level and skills.
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Unemployment Data for May-June 7 of 2013 Employment (rose/fell/remained unchanged)‚ and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month. Employment for nonfarm payroll rose by 175‚000 in May‚ which includes construction and manufacturing companies. The unemployment rate stayed unchanged at 7.6 percent in the last month. Employment for professional and business services‚ food services and drinking places‚ and retail trade rose also. The summary states
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Across regions‚ young people are disproportionately affected by unemployment‚ underemployment‚ vulnerable employment and working poverty. Even during periods of economic growth‚ many economies have been unable to absorb large youth populations into the labour market. In recent years‚ however‚ the global financial and economic crisis has further hit young people particularly hard in the developed world. The need to provide more and better jobs for young people exists across countries. However‚ youth
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"Unemployment and Inflation" Please respond to the following: • Predict whether the years following the next presidential election will bring us inflation‚ deflation‚ or relatively stable prices. Provide support for your response. I believe the prices will relatively remain stable‚ but overtime there will be inflation‚ and this is to pay for government funded programs and to pay for the offset costs associated with new laws and regulations governing healthcare. With the current fiscal cliff
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Unemployment From Wikipedia‚ the free encyclopedia Unemployment (or joblessness)‚ as defined by the International Labour Organization‚ occurs when people are without jobs and they have actively sought work within the past four weeks.[2] The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. In a 2011 news story‚ BusinessWeek reported‚ "More than
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UNEMPLOYMENT PROBLEM Introduction Spain unemployment figure had hit up to 5 million people mark in the last quarter of 2011. The National Statistic Institute measure from 4.9 million in the third quarter to 5.3 million people is jobless at the end of December. This rate rose from 21.5% in the third quarter to 22.8%‚ one of the highest rates in nearly 17 years. Spain has already hit one of the highest rates in the 17-nation eurozone and is expected to step back to recession. This impact hit
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Unemployment Problem in Australia Introduction According to the Labor government and the mainstream media‚ Australia has one of the lowest unemployment rates in the world. In reality‚ joblessness has risen to serious levels‚ and is worsening‚ in working class suburbs across Australia. Officially‚ the unemployment rate in Australia increased to 5.70 percent in October of 2013 from 5.60 percent in September of 2013(Trading Economics‚ 2013). Unemployment is troubling for the unemployed people and
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The Psychological Impact of Unemployment Posted By: LexisNexis Occupational Injuries & Illnesses Staff June 25‚ 2009 Reported by: Shanine A. Fortuno August 6‚ 2012 Presented to: Ms. Grace E. Engallado‚ DBM The Psychological Impact of Unemployment Posted by:: LexisNexis Occupational Injuries & Illnesses Staff 06/25/2009 02:06:25 AM EST Unemployment‚ particularly when unexpected or involuntary‚ may take its toll on mental health. A large body of scientific evidence demonstrates
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Unemployment: Introduction: Unemployment (or joblessness) occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession‚ an economy usually experiences a relatively high unemployment rate. In a 2011 news story‚ Business Week reported‚ "More than 200 million people globally
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