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The effects of the Asian financial crisis led to a sharp drop in the number of Asian tourists visiting Fiji in 1997 and 1998, which contributed to a substantial drop in gross domestic product. Positive growth returned in 1999, however, aided by a 20% devaluation of the Fijian dollar . 2005 was a record year for the tourism sector, with 9% ...
Finance Unit – provides financial aid to the Ministry and its statutory agencies. [7] Human Resources Unit – provides administrative support in managing departments, agencies and trade commissions. [8] MSME Fiji – formulate policies for the development of micro, small and medium enterprises (MSME). [9]
Tourism Fiji is a Fijian government marketing agency responsible for promoting Fiji as a tourism destination abroad. Formerly known as the Fiji Visitors Bureau , the agency was established under the Tourism Fiji Act 2004 and is under the jurisdiction of the Ministry of Commerce, Trade, Tourism and Transport .
The cooling job market also saw the unemployment rate rise to 4.3 percent in July, up from 4.1 percent last month. The federal data is the latest in a string of worrisome economic news that has ...
Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just above the 220,000 expected by economists. The unemployment rate increased to 4.2% ...
Frictional unemployment is a form of unemployment reflecting the gap between someone voluntarily leaving a job and finding another. As such, it is sometimes called search unemployment , though it also includes gaps in employment when transferring from one job to another.
Discussions of frictional unemployment focus on voluntary decisions to work based on individuals' valuation of their own work and how that compares to current wage rates added to the time and effort required to find a job. Causes and solutions for frictional unemployment often address job entry threshold and wage rates.
Beveridge curve of vacancy rate and unemployment rate data from the United States Bureau of Labor Statistics. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force. It typically has vacancies on ...