while the growing unemployment rate aggravates the economic situation even more. In order to cater to the needs of its people, all countries should ensure that they create many job opportunities so that all the people who are eager to work, get the chance to. Its why the Swing Riots occurred in Britain during the 1830s. The following mentioned are few major causes of unemployment. Children generally dont figure in the size of the economy or the need for jobs, on a large scale. But frequently workers may change for different reasons before they can look for new jobs. Structural unemployment: This is a form of unemployment which is caused by the mismatch in the skills that workers in the economy can offer and the skills needed of workers by employers. It takes place during periods of economic contraction or during the time of slow economic growth. Now let us look at the main causes, effects and factors of unemployment.
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People might get laid off if a company is going out of business or maybe if there are positions in the company that are no longer needed. There are plenty of lucrative opportunities available for individuals in other fields as well. Household Survey Data: The number of unemployed persons,.0 million, was essentially unchanged in September, and the Unemployment rate was.1 percent.
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The most common causes of unemployment are getting fired and laid off for specific reasons. In the setup of a modern thesis acknowledgements quotes market economy, there are many factors, which contribute to unemployment. This is one of the reason of unemployment. This may in turn lead to decline in demand for certain services as well as products. Many bosses believe that hiring 5 competent people on board is better than having 20 average people. In such a situation, companies do not need as much employees as they used before, when the offer matched the demand. The issue of unemployment is a very serious one indeed, which cannot be tackled easily.
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