Structural Unemployment The unemployment has being a big issue for United States since the big recession started in 2008. According to the United States Department of labor the unemployment rate is 8.2 percent for may 2012‚ in others words‚ around 14.000 million of people in USA are unemployed; however‚ and spite of the great necessity of unemployment people for finding a job there are approximately 3.500 million of open jobs that cannot be fill because of the mismatch of labor force’s skills and
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UNEMPLOYMENT: Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. http://www.investopedia.com/terms/u/unemployment.asp#ixzz2NJ3XTGJR Unemployment causes many problems for the whole society YEAR | PERCENTAGE
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main means by which unemployment can be controlled? Unemployment‚ the state of being unemployed‚ especially involuntarily can cause big problems in our modern world. But how does one measure such an enormous prospect? When measuring unemployment it is first necessary to measure the working population‚ as not every person is able to work. Looking at the elderly and young children as labour resources would be a waste of time. Therefore the first step to controlling unemployment would be to first measure
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natural rate of unemployment is creating new jobs and opportunities. Usually‚ a healthy economic growth rate is of 2-3% and this is sufficient to create the 150‚000 new jobs per year needed to keep unemployment from rising. When unemployment rises above 6-7% and stays there‚ it means that the economy isn’t strong enough to create sufficient new jobs without intervention. That’s when the government is expected to step in and provide solutions. WHAT IS THE NATURAL RATE OF UNEMPLOYMENT The Natural
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Unemployment in France ”I promise to reduce to 5% the unemployment in five years with an unemployment average reduced to 5 months because I am convinced the full job is applicable. English people did it” (Nicolas Sarkozy‚ 2007… Several months before the fall of Lehman Brothers) Unemployment rates France 04/2012: 10.2% European Union 07/2012: 11.1% UK 05/2012: 8.1% (5.4% in 2007) United States 10/2012: 7.8% (4.6% in 2007) Japan 02/2012: 4.5% (3.9% in 2007) Spain 08/2012: 25.1% (8.3% in 2007)
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Unemployment is a great concern in Bangladesh. Every year hundreds of thousands student are coming out from college and university. Though it is one of the major responsibilities of the Government to provide job to those young generation but the Government is failed to meet the job demand among the large population. Only a tiny fraction of total jobless is managed by different government offices and private organization but a majority remain unemployed. Unemployed workers" are those who are
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presently employed divided by the population of working age. Unemployment is a situation where labour force participants are avaible‚ willing to work and actively looking for a job but are unable to find any jobs. Labor force is defined as the people above the age of 16 and older who are employed or are actively seeking employment. Unemployment rate can be calculated by dividing the number of unemployed with the labor force. Changes in unemployment depend mostly on inflows made up of non-employed people
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bjournal.co.uk/BJASS.aspx Graduate Unemployment in Nigeria: Causes‚ Effects and Remedies. Dr. Oluseyi A. Shadare Department of industrial Relations and Personnel management‚ University of Lagos‚ Akoka‚ Yaba‚ Lagos‚ Nigeria seyidare2001@yahoo.co.uk Elegbede Sikirulahi Tunde Department of industrial Relations and Personnel management‚ University of Lagos‚ Akoka‚ Yaba‚ Lagos‚ Nigeria‚ telegbede@unilag.edu.ng Abstract This paper examines causes of unemployment in Nigeria as well as the consequences
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TYPE OF UNEMPLOYMENT There are four type of unemployment that are: 1. Frictional unemployment This type of unemployment is temporary. There are three main groups that belong in this type of unemployment. i. People who look for a job for the first time such as fresh graduate and school leaver. ii. Re-entrants or people who quit their job to rest but want to work again. For example‚ a house wife who quit her job to raise her children and rejoin the labour force again when the children are all
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1. Describe the trends in unemployment and inflation The number of people out of work fell by 14‚000 to 2.5 million in the three months to December 2012 (ONS).The unemployment rate was 7.8%‚ of the economically active population‚ down 0.1% on July to September 2012. A few months after the start of the recession in 2008‚ unemployment started to rise sharply. When the global financial crisis hit‚ the unemployment rate was a little over 5% or 1.6 million. Towards the end of 2009‚ with the UK coming
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