Youth unemployment in Nigeria has made the economy to grow at a much slower pace. Many youths have the potential to be productive and grow the economy but lack the opportunities to do so.
The Economy Negative effects in the economy results in high unemployment, death rate increase, decline in population, social chaos and disruption of law and order.
732,000 Idaho is mainly a farm & ranch economy in the south. Lumber & mining in the north. Technology throughout.The unemployment rate in Jan. 2010 was 10.2%.Dropped to 8.6% in May.Then climbed to 9.7% in Dec.Starting 2011 with a 10.9% unemployment rate. Not Good.
It's high and if this trend continues, it will be very troublesome for their economy. The unemployment rate has been inconsistent. During 1972-1973 the rate was aprox. 39% and 28% for years 1996-1999. Today by some estimates, the rate is between 37% - 40% depending on seasonal adjustments for weather conditions and natural disasters. T. Recio Consulting
In America the average person gets a promotion once every two years. With the economy at an all time low and the unemployment rate at an all time high, the odds on someone receiving a promotion may very well be extended past the average two years.
The unemployment rate is based on a monthly survey of 60,000 households. If people are working, they are counted as employed. If they are seeking work, they are counted as unemployed.For complete information from the U.S. Bureau of Labor Statistics, refer to the item "Where do the statistics come from" in the Related Link below.First, the state has to know how many people are in the work force. Those who are employed are known because each employer (those that are required to), pays the state an unemployment tax based on the number of employees and the payroll he has. Social Security taxes are also collected, so the number is known, but the I.D. of the individual is not recorded here. Then the state's unemployment office reports how many people are applying for unemployment compensation. Adding those working, and those unemployed gives the total work force and when you divide the unemployed by the total potential work force, you have the unemployment rate. Where it becomes inaccurate is when some employers do not report their workers and some out of work unemployeds have given up looking for work and/or run out of eligibility and are not counted as such.
nigerian economy
the role of commercial banking in the development of nigerian economy
write short note on education aspect in Nigerian economy
what are the contributions of Nigerian petrouem industry the positiv and negative
5%
Employment generation
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
The three types of unemployment found in India are structural unemployment, cyclical unemployment, and frictional unemployment. Structural unemployment refers to a mismatch between the skills possessed by job seekers and the requirements of available jobs. Cyclical unemployment occurs due to fluctuations in the economy, leading to reduced demand for labor. Frictional unemployment is a temporary phase when individuals are in-between jobs or searching for new employment opportunities.
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The connection between households and firms in the economy stems from the fact that consumers in this case households work for firms to earn wages as the company makes profits due to increased production.
Unemployment in the U.S is a huge issue.
Structural unemployment is when in an economy labour do not have the required skills for the jobs available .technological unemployment takes place due to changes in technology , technology increases productivity but less labour is required for it ,which at macro level can lead to structural unemployment