Unemployment an economic condition

Unemployment an economic condition, accountability should be critically examined to provide some guide towards the transformation of the economics growth and development in our country, Nigeria.

Unemployment Benefits and Insurance

When interest rates and inflation are near zero, the central bank cannot loosen monetary policy through conventional means. At the same time we must be sufficiently objective to concede that much of what we would like to measure may be for the time being beyond our capabilities, either because the required data is not available, is not sufficiently accurate or is simply too subjective to rely on.

The accounting student needs this study for their continuous learning while other departments need it for the understanding of monetary policy. Some industries also registered minor job losses, such as mining, which lost 2, workers, and retail stores, which lost 8, In the physical sciences, we are accustomed to measuring tangible physical parameters such as distance, mass, speed, frequency and wavelength.

Relates to expenses and losses, profit and income e. His remarks were read by Floyd McKissick Euchner— The number of frauds we record in our public sector economy originate primarily from the personality type of individual. This argument is consistent with research in the institutionalist literature that shows that wage determination is dominated by insiders the employed who set up barriers to isolate themselves from the threat of unemployment.

A downturn increases short-term unemployment sharply, which reduces inflation because the inflow into short-term unemployment is comprised of those currently employed and active in wage bargaining processes.

Even great minds can fail in matching theory and measurement. The solid lines are simple linear trend regressions. Other factors include the changing nature of work, with machines replacing physical labor, eliminating many traditional male occupations, and the rise of the service sector, where many jobs are gender neutral.


The industry gained 24, positions in October. By having control over the timing of their fertility, they were not running a risk of thwarting their career choices. Nor are full-time students nor prisoners considered to be part of the labour force or unemployment.

In part, this reflects the characteristics of veterans who served during World War II, the Korean War, and the Vietnam era, all of whom are now over 60 years old.

Given this backdrop, it is not surprising that the idea of citizens obtaining redress for errors of omission and commission in Nigeria.

Why did unemployment and inflation fall in the 1990s?

More on this work another day. Long considered a technical issue of concern only to economics, it is now evident that bad measures can lead to bad and even catastrophic policy, just as wrongful treatment arising from an erroneous medical diagnosis can convert a mild disorder into a fatal illness.Causes And Effects Of Unemployment On Society.

Causes And Effects Of Unemployment On Society. The problem of unemployment has remained intractable even in the developed economies of the world namely, U.S.A, Germany, France to mention but these few.

A condition is also a requirement or prerequisite for something. As a condition of your acceptance to college, you may have to maintain certain grades and do well on a standardized test. Condition can refer as well to the state or quality of something.

The condition of your apartment building might be so appalling that your mail carrier has stopped delivering your mail. 2. Summary of latest labour market statistics.

Unemployment Rates Around the World

Table 1, Figure 1a and Figure 1b show the latest estimates, for May to Julyfor employment, unemployment and economic inactivity and show how these estimates compare with the previous quarter (February. Unemployment is an economic condition in which individuals actively seeking jobs remain un-hired.

While this would seem to be straightforward, there are several compli. Nov 03,  · Unemployment inched down to %, the lowest since December "This labor market is still really firing on all cylinders," says Scott Anderson, chief economist at.


Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.

Unemployment an economic condition
Rated 0/5 based on 79 review