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Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). [3] Unemployment can have many sources, such as the following: the status of the economy, which can be influenced by a recession
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
This unemployment of job protection is especially in industries that are needed to keep the economy from going into a depression. While the automotive sector is slowly recalling workers back to work, grocery stores and restaurants have slashed hours in the face of the global recession.
Structural unemployment is a form of ... for labor cause cyclical unemployment, ... the persistently high unemployment rates seen in much of the world since the 2007 ...
Increased requirements on skill (education and experience) on work force, for example because of increased technical complexity, can cause shortage on skilled employees and rising salaries for them, at the same time as uneducated work tasks have in part moved to low salary countries such as in Asia, causing high unemployment. [citation needed]
Levels of persistent unemployment can be quantified empirically, but the causes are subject to debate. Optimists accept short term unemployment may be caused by innovation, yet claim that after a while, compensation effects will always create at least as many jobs as were originally destroyed. While this optimistic view has been continually ...
His modified misery index is the sum of the interest, inflation, and unemployment rates, minus the year-over-year percent change in per-capita GDP growth. [4] In 2013 Hanke constructed a World Table of Misery Index Scores by exclusively relying on data reported by the Economist Intelligence Unit. [5]
Youth unemployment levels in Greece remain one of the highest in the world. According to one source, between 2000 and 2008, youth inactivity increased from 63% to 72%. [ 53 ] A different source using the harmonized definition of unemployment lists the unemployment rate of youth up to 24 years of age as 24.2% in Greece during 2009. [ 54 ]