Date post: | 16-Jul-2015 |
Category: |
Economy & Finance |
Upload: | daisy-nguyen |
View: | 135 times |
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Overview• Unemployment rate relatively low (2.1% in January 2015)
• Anyone who can find a job that meets their basic needs is
classified as employed
Unemployment rate in reality much higher
• In 2015, there has been more than 52.5 million people in workforce
• The unemployment rate in urban area: 3.17%• The unemployment rate in rural area: 1.75%
• The unemployment rate among highly-qualified people accounts for 4.39%
• Group from 20-24, unemployment rate is 20.75%
Economic
• Lack of Income
Prevent Economic
development
• Unsustainable
growth Less
Foreign Investment
Unemployment not always bad• Inversed relation between Unemployment and
Inflation in short run
• Raise competitiveness among employees Higher
productivity and profit
Summary• Unemployment Theory
• Overview
• Causes
– Frictional Unemployment
– Structural Unemployment
– Cyclical Unemployment
• Effect
– Economic
– Social