increase. This people who is unemployed mainly come from financial industry.this article will cover on the increase of unemployment rate in Spain, the government will be taking some action on this problem. From the article, Spain Prime Minister, Mariano Rajoy give notice the day before that Spain will face a rise in unemployment rate this year. Last year, the number of unemployment rate reach the peak and it is the highest in the industrialized world as the number of people looking for jobs hit more
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price index and the GDP Price Deflator. The unemployment rate is a measure of unemployment. The unemployment rate is a percentage of the total workforce who is currently unemployed. Low rates are seen as inflationary because of the upward pressure on incomes, and high rates lead to a decrease in consumer spending. | |2003 |2004 |2005 |2006 |2007 | |RGDP Growth |3.4% |3.2% |3.2% |2.5% |4.4% | |Inflation Rate |2.4% |2.6% |2.8% |3.3% |3.0% | |Unemployment Rate |6.3% |6.0% |5.1% |5.1% |4.9% |
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Unemployment and crime: New evidence for an old question Kerry L. Papps Victoria University of Wellington Rainer Winkelmann* IZA and Centre for Economic Policy Research, London December 1999 This paper uses panel data techniques to examine the relationship between unemployment and a range of categories of crime in New Zealand. The data cover sixteen regions over the period 1984 to 1996. Random and fixed effects models are estimated to investigate the possibility of a causal relationship
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US jobless rate stays above 8% for 43rd straight month: Survey – The Straits Times Sept 03, 2012 Introduction: This article discusses the unemployment rate in US. The unemployment rate has exceeded 8 per cent since February 2009. Payroll gains slowed from an average 226,000 in the first quarter to 73,000 in the April to June period, before picking up July. Including the July advance, it has taken the US three years to recover about half of the 8.8 million jobs lost as a result of the 18-month recession
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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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little@gmail.com Why is frictional unemployment important? To discuss why frictional unemployment is important to the economy, one must understand what the terms mean. Frictional unemployment is when people are unemployed because they are seeking better positions. These individuals could be recent college graduates or people who are between jobs/waiting to start a new position (voluntary or involuntary). Stay at home parents returning to work. Friction unemployment should be viewed as a short unemployed
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causes unemployment? Be very specific…is it good or bad for the economy, fair or unfair, voluntary or involuntary, etc. Explain carefully. Neoclassical Economists believe that discrepancy in wages causes unemployment. They also believe that all types of unemployment are voluntary, efficient, fair, random, and self –correcting [by supply and demand]. They believe that a certain degree of unemployment is healthy. Types of unemployment include structural, frictional, and seasonal unemployment.
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gain a more beneficial comprehension of what the condition of the unemployment position is in today’s present economy, The Bureau of Labor Statistics (BLS) calculations shows that as of July 2014, the nation is at a rate of 6.2%. (Economy at a Glance, 2014) The state of Tennessee has a higher unemployment rate than the national average. It is 7.1% (Economy at a Glance, 2014) The BLS define both “unemployed person and unemployment rate as follows: Unemployed persons (Current Population
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Abstract In the following report I will be explaining the relationship between Unemployment and Inflation and to see if the Phillips curve relationship is correct. In doing so I will study the causes and effects of inflation and unemployment along with inflation and unemployment figures from the last few years. Inflation is usually defined as a sustained increase in the general price level. We measure it as the annual percentage increase in prices. There are generally two types of inflation-
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Summary: Unemployment rate holds steady at 7.4% (Source: CBC NEWS) According to Statistics Canada, Canada’s unemployment rate remained at 7.4% in October. In addition, October’s unemployment in 7/12 provinces and territories has increased especially in P.E.I with the highest unemployment rate increase by 11.7%. However, the city with the greatest increase in unemployment rate is Toronto with 8.6%. When comparing Canada’s overall unemployment rate with the U.S., the U.S. has a higher unemployment rate
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