Unemployment

However, many countries including the mainland of China are facing the challenge of high youth unemployment. The Social Science institution of the Chinese Academy argues that the youth unemployment will have social, political and economic impacts on all aspects of the country (The Social Science institution of Chinese Academy. N.B). This essay will discuss the major reason, which causes the high youth unemployment from two aspects, economic situation and the current educational system…

Would you say that Immigrants are to blame for unemployment? Many americans blame the immigrants for being jobless but in reality they should blame themselves. Immigrant is such a harsh word especially when they are here to have and to give a better future to their families but not everyone sees it that way. In order to understand that you would have to come from a family of immigrants like I did. Immigrants are hard workers, motivated, and at most times successful. In the article “Are…

help in minimising unemployment. However, further research has shown that not only monetary policy can be effective, but there are additional efficient ways in solving this matter. The two main strategies for reducing unemployment are demand side policies and supply side policies. Demand side policies reduce demand-deficient unemployment, unemployment caused by a recession. On the other hand, supply side policies reduce structural unemployment, the natural rate of unemployment. (Pettinger,…

The U.S. Department of Labor (DOL) tracks the amount of people who have filed for unemployment benefits. It is compiled into the jobless claims report. This can be seen from the graph provided by Business Perspectives (See Appendix: Exhibit A-3). During each recession period, jobless claims would quickly increase. The industries tend to lose revenues from sales and will have to lay off workers to make up for the loss in profit. Some of the companies can go bankrupt which leads to a massive…

Modern macroeconomics emerged in the climate of a decade (1929-1939) of high unemployment and stagnant production throughout the world economy known as the Great Depression. These were years of human misery on a scale that is hard to imagine today (Parkin, 2010). This essay will be centered on South Africa’s current situation and that of the USA during the Great Depression, but more emphasis will be placed on South Africa’s current situation. Initially, a comparison between the two countries…

Base pay is the employment in covered work over a reference period prior to unemployment. The rights of the benefits remain fixed for a “benefit year”. The base period varies depending on the state. There are some states who classifies the base period to be the first four quarters of the last five completed calendar quarters preceding…

The unemployment rate is the percentage of labor force that is unemployed according to our Principle of Economics book. Although as simple as it may seem it is much more complex in calculating the unemployment rate than what meets the naked eye. First off there are three different types of unemployment including structural, frictional, and cyclical. These calculations must be taken seriously and be very precise for they are important factors when evaluating the economy and its growth. In the…

Depression was “a serve worldwide economic depression” that hit both rich and poor hard. The impact the Great Depression had on American lives was unemployment, hunger, homelessness, and struggling because people didn’t have jobs, no money, or were in debt. First of all, one of the impacts was unemployment because no one has jobs. The unemployment rate had risen to 25% in the United States between 1930 and 1940. Farmers had suffered the most because crop prices had dropped by 60%…

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…

Regardless of the rapid growth and severe instabilities in the labor market, China 's unemployment rate has remained questionably stable at around its current level of 4.1% for the last decade or so. Unemployment rate only increased to 4.3% even when an estimated 20 million migrant workers were laid off during the global economic crisis in 2008. The reason behind this is because the official unemployment figures only includes urban workers who registered themselves as unemployed. Less than two…