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...who are re-entering (are between jobs) or entering for the first time or after absence from work usually experience short-term unemployment called frictional unemployment. This kind of unemployment is sometimes considered beneficial as it provides time to individuals, organizations and societies to find better jobs build suitable workforce and improve services respectively. Structural unemployment – Unemployment also occurs if there are both jobs and workers available but the skills required for a job are not matching workers’ experience. This situation often results due to changes in structural economies and lasts for...
4 Pages(1000 words)Research Paper
..., the state of Wisconsin experiences a reduction on the number of beneficiaries by two-thirds and most of the people on benefits system got jobs after the conditional policy passed Congress. The same could apply for UK, although no government has dared to implement such a policy. Critiques of the policy have raised concerns that the implementation of the conditional policy took place at a time when the economy of the US was booming, and that it would prove disastrous if applied at such hard economic times as currently prevailing. Another possible solution to youth unemployment would be embracing apprenticeship. The UK government has initiated plans to...
4 Pages(1000 words)Essay
...? Unemployment I. Introduction In the sphere of economics which is an invincible branch of social science, the technique of indicator analysis is oneof the significant factors in determining various parameters which are related with the welfare maximization principles of the society. Economic health of a society or an economy is a crucial indicator in the welfare paradigm. Unemployment is one such major indicator reflecting the economic health of a society and hence adds immensely to the welfare dynamics. The factor of unemployment is also crucial in the determination of the strength of an economy in terms of growth. If the efficiency of the economy is to be maximized, then the all the individuals in the economy would be employed... of it...
8 Pages(2000 words)Research Paper
...from active social circles and isolate themselves to avoid the shame of explaining why they no longer go to work. Unfortunately, during this time when one is vulnerable to depression and stress is when they need the association of other people most to reduce the negative feelings, however this alienation likely exposes them to further stress. Unemployed people also have a higher tendency to abuse drugs and alcohol in the attempt to escape from the harsh reality of a jobless existence, when drugs are used as coping mechanism they are detrimental to health and wellbeing. The burden of unemployment will affect children in that the unemployed parent is likely to very their frustration on...
2 Pages(500 words)Essay
...& Vogel 2006). In other words, the Claimant Count measure does not include in their measures persons who have a significant other being paid beyond the benefits level for the family, students employed for part-time jobs, persons under the age of eighteen and reluctant to go in for a youth-training centre as well as persons who have departed their profession voluntarily (Office for National Statistics 2013) and (Dustmann, Glitz & Vogel 2006). The ILO count measure obtains the real actual count of unemployed persons because it collects the actual facts of unemployed persons (Dustmann, Glitz & Vogel 2006). It gives the actual number of all unemployed persons who wish to get jobs but are not qualified for...
6 Pages(1500 words)Coursework
...measures whereby both monetary and fiscal policies are used at the same time to deal with inflation. Through increased expenditure by the government the fiscal policy measure to deal with inflation is an increase in interest rate to avoid distortion of the free market, when there is an increase in money supply there should be increased taxation by the government and this will help stabilise the economy. However it is clear that the cost of efforts to reduce unemployment is inflation and therefore no matter how these policies are used with reference to the Phillips curve the economy will still experience inflation. However it is clear that the government has the ability to reduce employment through the...
5 Pages(1250 words)Essay
...Unemployment Unemployment is said to be a situation where people are in working age, mostly 18-65 and economically active, but cannotfind a job even after active search (Knight, 2009). There are three main types of unemployment namely fictional, structural and cynical unemployment.
Structural unemployment occurs when job seeker’s skills are not in demand due to over specialization in a single field, geographical obsolescence, technological changes or structural change of the economy. For instance, decline of coal usage led may coal miners unemployed and they find it very difficult to be employed in other firms such as working with computers (Knight, 2009). To solve this, the government should provide stimulus to firms to train... these...
1 Pages(250 words)Essay
...Article Review: Unemployment in America Article Review: Unemployment in America
This paper discusses information given in an article published in “The Economist” on the topic of unemployment in America. This article is available at the following website:
http://www.economist.com/news/finance-and-economics/21596529-americas-labour-market-has-suffered-permanent-harm-closing-gap
According to the article, recent financial crisis has brought permanent harm to the job situation in USA. The article published in Feb. 2014 suggests that the American economy has not shown any stability as the job growth rate declined in December 2013 while...
1 Pages(250 words)Article
...reasons were highlighted by all countries. They include the introduction of machines in the working place, financial problems and low labor markets, low-skilled individuals seeking jobs.
Other delegates suggested that countries should reduce the use of machinery in order to give people a chance to get jobs. In addition, the government should come up with more job opportunities so that every individual has a place to get an income that will sustain their lives.
After the delegation, we resolved to combine efforts to accomplish the reduction of unemployment among the countries that attended the summit. Solutions to the youth unemployment can include educating and training of long-term...
2 Pages(500 words)Essay
...Wanqian Feng ECO 418 4 Unemployment Unemployment is among the economic indicators. It is applicable to evaluate and measure the financial status and give an outlook on the economy. Governments in most countries across the world frequently review the rates of unemployment and share the same on a monthly basis. This is indicative of the significance that unemployment has to the rest of the economy. Unemployment affects the economy in two ways. Firstly, an increase or decrease in the rate of unemployment has a direct effect on the rate of inflation in the economy. Secondly, news of a rise or fall of unemployment...
4 Pages(1000 words)Essay