Jobless recovery

Unemployment refers to the number of people who are not working but seeking work (Dixon and O'Mahony, 2015). In the years following the Global Financial Crisis, the unemployment rate in Australia has been hovering from the 5-6% range (Tradingeconomics.com, 2017), which is in the band targeted by the Reserve Bank of Australia. If the rate of unemployment becomes too high, the economy will be impacted by a myriad of negative economic and social consequences. From an economic perspective, a high…

Don’t we all have high hopes for our future? The American dream is the admiration of having a prestigious job, a family that includes having children, and more importantly a beautiful home. Our nation has dealt with recession, inequality, slavery, etc. resulting the question on whether our country is the “American Dream.” However, the government is giving the opportunity for low-income families and the opportunity for employment. America should not be criticized because of the past or how the…

Job Loss and Unemployment Just last year, over 2.5 million people lost their jobs due to layoffs, quits and workers getting fired. The unemployment rate is now at a steady 4.9 percent; citizens of the United States lose their jobs every day. Layoffs at work can cause it, or it can simply be that one 's boss has fired them. Job loss and unemployment can affect one 's everyday life. Not only does losing a job affect one, but it also affects one’s family. On the contrary, they do have grants for…

In the United States, there has been a decrease in unemployment since the great recession ended in 2009. Unemployment rates were just under 5% in 2007 and then skyrocketed up to over 10% in only two years, and with a steady decline from 2009 where in January of 2016 the rate was down to 5.3%. But the reason why the unemployment rate has fallen is not because there are more jobs out there, but because the labor force participants rate has declined by 4.5%. In addition, unemployed people who are…

The current downward trend can be ascribed to the natural recovery experienced by the UK economy after the global financial crisis. Examining the years preceding 2008 however, it can be observed that there was already much room for improvement with regards to youth unemployment, with the previous decade varying…

Being unemployed can be a difficult time in your life and figuring out what to do can be overwhelming. As of September 2013, I became a displaced worker I am currently unemployed to this day. I was terminated from my job due to the reorganization of a company. My previous employer restructured their business by cutting back and downsizing departments. In an attempt to keep me employed at this company, management moved me to another department which ended up not being a good job fit for me…

At one time or another, individuals may find the need to enlist the help of counselors to resolve issues of loss. In situations such as employment loss, many people find themselves in a state of panic and often go through grief much like those experiencing loss of a loved one. People are often defined by their job and when it ends abruptly or unexpectedly, it can take a toll on one’s mental and physical well-being. Furthermore, when individuals experience loss, they often go through symptoms…

The Australian youth unemployment report by the Brotherhood of St Laurence provides the current youth unemployment trends in Australia. The aim of this publication is to show that youth unemployment figures in Australia are very high and that they need to invest in young people because young people who lack qualification, skills, work experience or personal communities cannot find jobs easily. The scope of this report includes the unemployment trends in Australia from 1978 to 2014, the rise of…

Unemployment What is unemployment? Unemployment is a economic scenario whereby a proportion of the workforce is actively searching for employment but are unable to find work. Whilst unemployment can be broken down into various scenarios (e.g. frictional, seasonal, structural etc.), the main overriding cause of most unemployment is a deficiency in aggregate demand – this can then be divided into these sub-causes: Cyclical changes in domestic and international economic activity is also a factor…

habits, lowering self- esteem and ruining one’s motivation towards achieving life goals. People suffering from alcohol and drug addiction can have an appropriate response if only they go through the diagnosis and the recovery process. However, if the person’s engagement in recovery activities is ignored, addiction will be progressive and eventually it will lead to disability and early deaths. This makes addition a serious and a potentially fatal…