Unemployment In Unemployment

595 Words2 Pages
bulb-icon

Recommended: unemployment rates in the us essay

 The main issue of the media article is about the increase in Unemployment rate over the past years. People are losing jobs; Jobless rate has shot up to 6 per cent, its highest level in more than a decade, as 3700 jobs were removed from the economy, official figures show (Sydney herald, 2014).  The issue is being raised because this problem has affected international workers in Australia as well as factories manufactured overseas. The problems are listed below. • Job vacancies decreased. • Provide cheap labour for companies • Taking jobs that the young generation look for no experience or less education(worries in the future about the jobs) • Decreased job opportunities within Australia • Cheap labour outside Australia (Bangladesh) • Fair work Australia- Minimum Wage  There is rise in aggregate monthly hours work by 20.5 million hours to 1,635.8 million hours, which could indicate future improvements in the jobs market, as economist has said.  The stake holders that are being impacted are: • Owners • Consumers • Employees • Suppliers  In Australia, 6%...

Show More
Related

  • Dale Stephens's Essay: College Doesn T Right For Everyone

    602 Words  | 2 Pages

    Many people would become jobless because low-level jobs would no longer require employees. Higher-level jobs would lack qualified candidates to work for the companies. Reviewing the article, Dale forgets to point out that many people who go to college become successful. Yes, college isn't right for everyone, but most of the time, the only way for people to have a successful lifestyle is to attend college. The question that Dale poses to the readers is, "What happens to the kids that complete college?"

    Read More

  • Analysis Of Jacob Neusner's Speech 'The Graduates Didn T Hear'

    1223 Words  | 3 Pages

    The claim that students are not being prepared well enough for the working world is simply a false notion. College students are being as prepared as they have always been. They major in something relating to the job they want and then they search for that job. No one can ever truly be prepared for things they have not experienced yet. As said before its easy to criticize a generation of people for flaws when they haven't had their opportunity to cement their place in the world yet. Altogether they pose a critical and cynical view on society. Although the fact that these arguments are separated by about forty years only shows the fact that its common for older generations to criticize the younger ones. In an ever advancing society there are bound to be differences in lifestyles between generations and its common for each generation to prefer theres over the others because of nostalgia and their own personal bias. In conclusion while their arguments may have validity at the surface level. When you dig deeper into there views and what they are saying, it proves that what they are saying is a

    Read More

  • American Manufacturing and the U.S Economy

    696 Words  | 2 Pages

    manufacturing have been vanishing at a fast rate and unemployment percent is on the rise, but

    Read More

  • Sustainability Essay

    803 Words  | 2 Pages

    ...r monetary or resource value to get the basic needs of the family met. Jobs are falling. Klotz points out those jobs are hard to come by for many people, especially the younger generation she talks about, being the 20-24 age groups (Klotz 3). Asher Miller, executive director of the Post Carbon Institute writes in his forward, “an estimated 16.5 percent of the population is officially classified as “underemployed,” the highest level since the 1930s” (Heinberg and Lerch xiv). There is no way to provide for a family; shelter, food, water, clothes, education and healthcare without a job unless you rely on the government for full support. Even that is limited in what it provides. Lack of jobs is a negative indicator of progress and growth. Even worse is the tragic combination of no jobs and dwindling resources to provide jobs, food, and energy for all of the nations.

    Read More

  • Macroeconomics In Unemployment

    1233 Words  | 3 Pages

    The trends in unemployment affect three important macroeconomics variables: 1) gross domestic product (GDP), 2) unemployment rate, and 3) the inflation rate.

    Read More

  • The Australian Labour Market

    776 Words  | 2 Pages

    Changes in unemployment in Australia is a key issue in this news article. In the last twelve months, unemployment in Australia has dropped from 5.6 per cent to 5.1 per cent which is described as ‘a puzzle’ in the news article. Looking closer, there are some possible explanations for this change in statistics. Previously, unemployment in Australia increased in the time of the recent global economic downturn, although didn’t suffer as poorly as other countries according to data from the Organisation for Economic Co-Operation and Development. However, while unemployment rose, so too did the number of people in other forms of underemployment such as part-time and casual work (OECD, 2010). According to Sappey et. al., the status of employment requires workers to only work one hour per week and so therefore many underemployed workers receive the same employed status in this data as full-time workers (Sappey et. al., 2010, p. 111). According to the OECD, under-employment increased significantly during the downturn, rather than unemployment. Unemployment has dropped in the last twelve months but that does not mean that those who have obtained work have gained full-time employment. In fact, according to the Australia labour market trends of the last twelve months, it is more than likely that those who have become an ‘employed’ statistic rather than ‘unemployed’ have not gained full-time work. This news article quotes figures fro...

    Read More

  • Malcolm Turn Bull Economic Objectives

    861 Words  | 2 Pages

    High employment benefitting the government as, less money will be spent on unemployed benefits/welfare allowing the government to spend money on other things. Turnbull has enforced many policies such as corporate tax cut to small businesses, free trade agreements and a single window for export documentation to name a few (LNP,2016). However, the unemployment rate a key economic indicator for full employment is showing 5.9% (Appendix 2) at the current moment, almost the highest since he began as priminister. Recent figures (NewsCorp,2017) have been released of 33,500 part time workers lost their jobs, 6,400 full time jobs being lost and also the underemployment rate, people looking for extra work, returning to a record high of 8.7% (1.1million workers). This illustrates that Turnbull’s policies aren’t working, so new policies have to be made and introduced to achieve successful full employment.

    Read More

  • Unemployment in the United States

    1868 Words  | 4 Pages

    ...he rise, as record numbers of workers have left the workforce due to various impediments to employment, many of which have been brought about by our own government.

    Read More

  • Meritocracy In Canada

    823 Words  | 2 Pages

    It is currently increasing in incidence at an alarming rate. Unemployment among young people is increasing predominantly as a result of youth receiving inadequate preparation for the job market and a largely ignored discrimination against youth in the job market. In order to minimize levels of youth unemployment, the education system and current workforce practices need to be analyzed and modified. The education system should be modified so that its degrees and more in line with jobs that are actually available and offer more job experience opportunities. The workforce practices should be modified so that discrimination against youth is minimized as much as possible. This can be achieved through invoking a higher rate of jobs awarded through meritocracy and reducing the amount of informal hiring. It is only after the integration of many of these concepts that youth unemployment levels will decrease. This will be a step towards a world with less inequality and unemployment, a step towards a better

    Read More

  • Voluntary And Involuntary Turnover Case Study

    1241 Words  | 3 Pages

    The employment policies have not kept up with changes in the economy, workforce, and the nature of work causing a severe financial impact

    Read More

  • Swot Analysis : Labor Market

    1706 Words  | 4 Pages

    Analysis of the labor market in the economy reveals a reduction in vacancies while the number of job seekers significantly increases over the past few decades (Dickerson, 2008, p.1). Particularly, the youth employment looks worrying with a serious downward trend with so many of them unemployed. The numbers of free people who are full educated or trained have also decreased. The unemployed in the economy are either inactive or unemployed. The annual changes continue to show a rise in unemployment of young people both for student and others. With lack of government employment as well as training programs, many individuals opt to seek for self-employment (Dickerson, 2008, p.1). Statistic continues to show that there has been an increase of workless people in comparison to the vacancies available. The general picture, therefore, remains that labor market constantly fails to meet the needs of people regarding employment. Although this is the case, there has been some variation across regions with Scotland and Wales in the UK showing decreased performance. There remains a risk that employment will increase in the coming years. The present concern is long-term unemployment, specifically with regards to the youths who are most disadvantaged in the labor market (Dickerson, 2008, p.1).

    Read More

  • Different Types of Unemployment

    1050 Words  | 3 Pages

    People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.

    Read More

  • Generation X and Generation Y

    2066 Words  | 5 Pages

    As mentioned earlier, layoffs were starting to increase. Some businesses did not do as well as they thought that they would do. Parents were frustrated and confused as why the job market had falle...

    Read More

  • The Benefits Of The Millennial Generation

    730 Words  | 2 Pages

    Millennials will face a constantly changing job market that they are not prepared for, because of the increase in global competition and the reality that the millennial generation is not prepared to compete with higher standards. Jeffrey Bosworth in his article “Hunting for Hope in Modern America,” provides information regarding competition in the workforce is not just from peers, but that it “crosses country and cultural boundaries” and how competition will be surrounded with “young, educated, motivated people in every country” (334). Because there is so much competition in the workforce, the millennial generation will have to be fully prepared in many skills and be the most efficient candidate for the job. Donald S. Miller and Thomas E. Slocombe, authors of “Preparing Students for the New Reality,” discuss how candidates for jobs need to realize that not only is it difficult to become employed but also to “remain unemployed” (19). The millennial generation will be confronting economic problems that are combined with employment. The United States is attempting to resolve a high unemployment rate from past years, which results in a part of the millennial generation becoming unemployed or a lack of stability in their employment. Requirements in jobs are increasing and becoming more difficult to secure a stable workplace in America without being fully skilled for the

    Read More

  • Unemployment and Underemployment in America

    1297 Words  | 3 Pages

    Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.

    Read More

More about Unemployment In Unemployment

Open Document