Search results
Results from the WOW.Com Content Network
In 1972, 2.7 million jobs in agriculture were replaced by 1.1 million jobs in the public sector, further increasing unemployment. [6] Although unemployment is a problem in other OECD countries such as Italy and Turkey , data shows that the extent of increase and the persistence is much larger in Spain.
The lack of work can lead to a vicious circle of poverty and social problems among young people. On top of that, unemployment can force young people to move away or to start engaging in violence and juvenile delinquency, as well as having low self-esteem and discouragement that can lead to addiction and other health problems in the future. If ...
They think about their job today and maybe the next one they want. But building a career requires a longer view, including an idea of where markets and employment are
Cyclical, deficient-demand, or Keynesian unemployment occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work. Demand for most goods and services falls, less production is needed and consequently, fewer workers are needed, wages are sticky and do not fall to meet the equilibrium level, and ...
For premium support please call: 800-290-4726 more ways to reach us
Many youths are trying to find jobs abroad, creating a problem for the future domestic economy and job market. Rajoy proposed a new budget for 2013 that would cut government spending by 8.9%. By April 2013, unemployment had risen to 27%, but decreased to around 15%-16.1% as of February 2018, and Spain became one of Europe's fastest-growing ...
Structural unemployment may also be encouraged to rise by persistent cyclical unemployment: if an economy suffers from long-lasting low aggregate demand, it means that many of the unemployed become disheartened, while their skills (including job-searching skills) become "rusty" and obsolete. [7]
In general, one of the main problems in the Armenian labor market is the mismatch between supply and demand. The high level of youth unemployment is a priority issue. In Armenia, the unemployment rate among the population aged 15–24 was 32.6% in 2019.