Unemployment is an individual searching for employment actively but is unable to find work. Unemployment is stated as a percentage, and calculated by dividing the number of people who are unemployment by the total of work force. Work force are people who want to work, however excludes the retired, disabled and able to work but not currently looking for a position( for example, they may taking care of a child or going to college/school. There are multiple reasons for unemployment. o Lack of education o Reduction of company workforce, and seeking of new position.
8) 2013 should be the darkest year for American Apparel till date. Net loss has reached an all-time high with 106 million USD in 2013, which is a 400% increase compared to only 37 million USD in 2012. The year was more disastrous because their operating expense was too high due to strategy for inventory management and finishing the E-Commerce platform. The service via E-Commerce wasn’t up to the mark because it was underprepared leading to further loss. 9) The sales of the company have increased relatively in 2013 but it is cancelled out by their exorbitant net loss.
Poverty is the state of the majority in world’s people and nations. It can also defined as the state of lack of necessities. According to Helen Flores about 11.5 million Filipino families consider themselves poor, a recent survey by the Social Weather Stations (SWS) showed. The same survey revealed that 39 % or around 8.5 million Filipino households, said they were poor in terms of food. The new rate was down by two points from 41% last December.
It is clearly revealed the Japanese’s jobless rate fell reliably amidst in 2006-2007 with 4,4% and 3.6% respectively. Nonetheless, it fluctuated at 4% toward the early of 2008, this reduction made 70,000 of unemployment individuals in the aggregate number from February of 2006. The economy suffered from persistently high unemployment rate soared to 5.5% since the global financial crisis. After that, Japan’s unemployment rate stable dropped to 3.3% in the end period. Japan's jobless rate has tumbled, reaching a low point it never achieved during the previous global expansion phase.
According to their report, the divided population was earning one dollar per day since 1990, they further explained that from 36% to 15% people are living in below line of poverty in whole world. And in 2015 12% population fallen in poverty till 2015. The most important
In the year of 1989, the House of Commons passed a solution to end child poverty by 2000. Only 18.4% were living in poverty that year, however, more than one in seven of children were still in poverty whether it was absolute or relative (Naiman 227). The highest rates were commonly targeted at the Aboriginals, women, immigrants, and people with disabilities. These rates were the higher than the national average of poverty (Naiman 227). Poverty still exists because of the low wages and unemployment.
Unemployment is universally recognized as a bad thing. While economists and academics make convincing arguments that there is a certain natural level of unemployment that cannot be erased, elevated unemployment imposes significant costs on the individual, the society and the country. Worse yet, most of the costs are of the dead loss variety where there are no offsetting gains to the costs that everyone must bear (Depending on how it 's measured). Unemployment represents the number of people in the work force who want to work but do not have a job. It is generally stated as a percentage and calculated by dividing the number of people who are unemployed by the total work force.
An individual may be frictionally unemployed because of the search time between people searching for desirable jobs and businesses looking for desirable workers. Understandably, some people may not take their job offer and similarly, businesses may not hire their first interviewee. Economists believe that some frictional unemployment will always be present in economy where people are constantly losing or leaving their jobs. Sometimes, people can be structurally unemployed because they lack the skills needed to perform a particular job. There might also be a mismatch between jobs available and skills of the unemployed.
Twenty-five percent of public workers were laid off and unemployment reached between 35% and 50% in 1997. By 1999, 68% of the population was living on less than $2 a day and with the collapse of wages many workers lived far below the poverty line. Manufacturing production “has been the main source of revenue averaging 50% since 1960, compared to an average of 25% during 1970-1990. Manufacturing output declined more than 20% between 1991 and 2000 due to high interest rates and the cost of foreign currency. The sector has stagnated since the introduction of the SAP and the loosening of import controls, and the 1990-1997 period has been characterized by “a lack of industrial development.” Zimbabwe’s real GDP per capita fell by 5.8% during 1991-1996 and total private investment fell by 9% between 1991-1996.
In addition, quality of education also will be one of the reasons why graduates are unemployed in Malaysia. The quality of education becomes a significant cause to this current situation. It seems that every year our country produces more and more excellent students. It is quite difficult to find degree holders with first class honors. Thirdly, the graduate sometimes is very choosy when applying for their job and the employer also very choosy as well.