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Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) [ 2] not being in paid employment or self-employment but currently available for work during the reference period. [ 3] Unemployment is measured by the unemployment rate, which is the number of people who ...
The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
Youth unemployment. Young people protesting about youth unemployment in Hamburg. Youth unemployment is a special case of unemployment; youth, here, meaning those between the ages of 15 and 24. [1] Young people have difficulties finding work, consistently different from those of the general workforce. They also are affected in distinct ways.
Economics. Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
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 able) not to work, supported by ...
Technological unemployment is the loss of jobs caused by technological change. It is a key type of structural unemployment. Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes , and humans' role in these processes are minimized.
With this jump in earnings, one benefit that has been seen is the nutritional improvement in households of migrant workers. Other benefits are the lessening of underemployment and unemployment. In detailed studies of Pakistani migrants to the West Asia in the early 1980s, the average foreign worker was 25–40 years old.
Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by employment laws, organisation or legal contracts.