Unemployment rate The definition of unemployment rate is percentages of total workforce who are unemployed and are looking for a job. It can be measure the unemployed in a country and indicates a growing economy which is usually accompanied by higher inflation rate and may influence the interest rate higher or lower.
Figure 1: Unemployment rate in Italy from Year 2000 until Year 2016 Based on Figure 1 for the year 2000 the percentage rate of unemployed in Italy is gradually decrease until year 2007. For the year 2007 the unemployment rate is 6.1% is the lowest unemployment rate in Italy. In year 2000 until year 2007, we can see that the government is trying to control the unemployment rate and provide a job to the unemployed. The worker …show more content…
Italy has been known for its diversified industrial economy. Italy divided into industrial north, which is run by private companies, and agricultural south, with high unemployment. Italy also has a sizable underground economy, they estimates accounts for as much as 15% of GDP. These activities are most common within the agriculture, construction, and service sectors. This may be a reason unemployment is low due to people dealing under the table and not trying to find a job. Italy’s labor force by occupation is 4.2% agricultural, 30.7% industrial, and 65.1% …show more content…
First, the sort of contacts young people work with this is a part of the problem is the country’s dual labour market is not unique to Italy. Young employees tend to get temporary contracts, while veteran insiders get tougher long-term contracts. During a recession, who get the temporary contracts will losses their job more than the workers who get the long-term contracts. Second, some teenager will go to university instead of working because more young people often choose higher education during a recession, as an alternative to a touch jobs market. Last, young Italians have struggled to get into work at the best of times. Based on the chart 1 below show that during year 2002 until year 2010, the percentage of people aged 15-29 not in education, employment or training, the highest EU country is Italy. It’s followed closely by Greece and
Figure 1: Unemployment rate in Italy from Year 2000 until Year 2016 Based on Figure 1 for the year 2000 the percentage rate of unemployed in Italy is gradually decrease until year 2007. For the year 2007 the unemployment rate is 6.1% is the lowest unemployment rate in Italy. In year 2000 until year 2007, we can see that the government is trying to control the unemployment rate and provide a job to the unemployed. The worker …show more content…
Italy has been known for its diversified industrial economy. Italy divided into industrial north, which is run by private companies, and agricultural south, with high unemployment. Italy also has a sizable underground economy, they estimates accounts for as much as 15% of GDP. These activities are most common within the agriculture, construction, and service sectors. This may be a reason unemployment is low due to people dealing under the table and not trying to find a job. Italy’s labor force by occupation is 4.2% agricultural, 30.7% industrial, and 65.1% …show more content…
First, the sort of contacts young people work with this is a part of the problem is the country’s dual labour market is not unique to Italy. Young employees tend to get temporary contracts, while veteran insiders get tougher long-term contracts. During a recession, who get the temporary contracts will losses their job more than the workers who get the long-term contracts. Second, some teenager will go to university instead of working because more young people often choose higher education during a recession, as an alternative to a touch jobs market. Last, young Italians have struggled to get into work at the best of times. Based on the chart 1 below show that during year 2002 until year 2010, the percentage of people aged 15-29 not in education, employment or training, the highest EU country is Italy. It’s followed closely by Greece and