ECN 211 Assignment 2 Structural and cyclical unemployment. Structural Unemployment. Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers. It arises when changes in technology or international competition change the skills needed to perform jobs or change the location of jobs. Structural unemployment usually lasts longer than frictional unemployment because workers must retrain and possibly relocate to find
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If unemployment rises in a country‚ will its standard of living necessarily decline? Unemployment refers to the condition and extent of joblessness within an economy‚ and is measured in terms of the unemployment rate‚ which is the number of unemployed workers divided by the total civilian labor force. If unemployment rises in a country it will affect the country’s standard of living in a negative way‚ take Jamaican economy for example‚ approximately 65% of the labour is unemployed‚ so if 65%
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NEWS STRAITS TIMES Unemployment rate drops 2011/07/06 THE country’s unemployment rate currently stands at 3.1 per cent compared with the 3.4 per cent last year‚ the Dewan Negara heard yesterday. Deputy Human Resources Minister Datuk Maznah Mazlan said the government was fully harnessing its workforce to keep the unemployment rate at four per cent and below. This was because according to international standards‚ this was considered full employment. "According to the Statistics Department
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Why is Unemployment high in the Philippines? As a result of the global economic crisis‚ which drastically cut our exports and slowed down our OFW (overseas Filipino workers) remittances‚ Philippine economic growth in GDP (gross domestic product) terms which was registered at 7.1 percent in 2007 was brought lower to 3.8 percent last year and to just about 1 percent in the first half of the year. Despite the slowing down of the domestic economy‚ however‚ Philippine unemployment rate remained at almost
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Problem of Evil from Mackie’s standpoint using his objective techniques. In this essay‚ I will choose to elaborate on the Problem of Evil. Furthermore‚ I will explain why I agree with the argument‚ by presenting the two strongest objections based on what seems to be a more persuasive argument‚ then show why those objections do not succeed. The two objections that I select to present are (1) “Good cannot exist without evil” or “Evil is necessary as a counterpart to good” and (2) “Evil is due to human
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University Unemployment is a Serious Social Issue Unemployment is the condition and extent of individuals out of work within an economy‚ measured by the “official” unemployment rate (U-5). This measure is the number of unemployed workers divided by the total civilian labor force. As of June the “official” unemployment rate stands at 9.2%. What is rarely reported‚ and even more ominous‚ is the underemployment rate. This rate includes two groups that are not considered in the official unemployment rate:
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Name:___________ Date Due:__August 01‚ 2011_______ Chapter 8: Unemployment and Inflation 1. What does the unemployment rate measure? ___________________________________________________ ____________________________________________________________ ______________________________ 2. What does the labor force participation rate measure? ___________________________________________ ____________________________________________________________ ______________________________ 3. If the
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Nowadays unemployment is one of the biggest problems among all countries in the world. It is caused by many reasons and it is more complex than it may seem. People are mostly dissatisfied with their salaries. They feel they get not enough money for their work. As a result‚ they prefer to take unemployment benefits than take up any job. Another problem connected with unemployment is lack of workplaces. It happens when there are a lot of people interested for particular post. It demotivates and discourages
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As many people may know‚ Facebook is one of the largest social networks in the world today. Facebook helps people connect with their friends‚ and relatives from all over the world. However‚ since Facebook is becoming more well-known‚ bad things start to take place. Even though Facebook is a place where people can meet new people‚ it can lead to stalkers‚ there’s definitely no privacy‚ and people who are on Facebook feel no need to call or meet their friends or family anymore‚ so they lose physical
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Unemployment‚ and challenges in Saudi Arabia Is it not strange to hear of the unemployment problem from the largest oil exporter in the world? The problem of unemployment in Saudi Arabia began to appear at the beginning of the last century. In 1975‚ "Saudization" was launched as a way of replacing expatriate with Saudi workers for localization jobs‚ but after 37 years of unemployment is still one of the important topics of concern to citizen. The causes of the problem are education system‚ labor
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