Essay on Literature Review on Unemployment - 2933 Words

Literature Review on Unemployment Introduction Unemployment is recognised as one of the most challenging social problems currently facing Australia. In the last two decades and more recently with the global recession high levels of unemployment have become an established feature of the South Australian social and economic landscape, with young people aged 15 to 24 years among those hardest hit by unemployment. In the past quarter the unemployment rate in South Australia has remained steady at 5.6% (Australian Bureau of Statistics, 2009) but this figure is volatile and may increase next month. The youth unemployment rate, however, in South Australia remains at 21.9% with the Western and Northern suburbs having significantly higher†¦show more content†¦The absence of employment, therefore, can mean that many people do not have vital human needs met such as an opportunity to exercise control, to use and develop skills and have contact with others. The research literature shows a strong association between unemployment and ill health. Some illness is caused by unemployment whilst other health problems are exacerbated by unemployment ( Smith, 1987; Mathers Schofield,1998). An Australian summary of the health and unemployment literature by Mathers and Schofield (1998) identified that unemployment has detrimental effects on mental health, physical health and health related behaviours. Mental Health The evidence that unemployment has negative effects on mental health is strong. Mental health effects on young unemployed people include low self esteem and confidence ( Gurney, 1980; Prause and Dooley, 1997), increased incidence of depression ( Patton and Noller, 1990; Winefield et al, 1993; West Sweeting, 1996), stress related symptoms ( Hammarstrom, 1994) and higher levels of anxiety ( Morrell et al, 1994; West Sweeting,1996). In their study, Morrell et al (1998) find a strong association between unemployment in young 15 to 25 year olds and youth suicide. Physical Health Research has shown the links between unemployment and higher morbidity and mortality rates( Mathers and Schofield) where health outcomes are poorer and premature deaths areShow MoreRelatedLiterature Review About Unemployment Graduate2384 Words   |  10 PagesCIMB From Wikipedia, the free encyclopedia (Redirected from CIMB Bank) Jump to: navigation, search CIMB Group (MYX: 1023) is Malaysia’s second largest financial services provider, and fifth largest in Southeast Asia by total assets. It is owned by Bumiputra-Commerce Holdings Berhad (BCHB), which is listed on Bursa Malaysia with a market capitalization of RM26.6 billion. CIMB Group operates as a universal bank offering a full range of financial products and services, covering corporateRead MoreUnemployment And Its Effects On Society1294 Words   |  6 PagesProblem Statement Unemployment is a very important problem that it is not only an economic issue, but it is related to the social and political issues. Increasing the level of unemployment will decrease the level of Keynes’ effective demand that is going to increase the investors’ uncertainty and less investments will take place. As a result, the economy as a whole will move from recession to depression and the unemployment is dramatically increasing. On the other hand, unemployment has a direct impactRead MoreLabour Market Dynamics, Unemployment And Economic Growth Essay1454 Words   |  6 PagesLABOUR MARKET DYNAMICS, UNEMPLOYMENT AND ECONOMIC GROWTH IN GHANA INTRODUCTION Owing to a GDP rebasing in 2011, Ghana became the fastest growing economy in the world with a GDP growth pinned at 20%, the largest per capita income in West Africa and the 21st in the continent. Ghana joined the league of oil producing countries in December 2010 with 85,000 barrels of crude oil in a day . Fiscal deficit fell from 5.9% of GDP in 2010 to an estimated 4.3% in 2011 due to strong revenue performance . DespiteRead MoreConcept Paper1098 Words   |  5 Pagesthe best year that estimates like manufacturing, construction and financial indicators perform best during election year. To determine whether this sets a standard in a country’s gross domestic product for the following years or not. I.   Ã‚  Literature Review Economic Growth This related topic will give us an overview of the factors that affect economic growth, primarily concerned on a country’s gross domestic product. We will be able to know how to gather data and compute as to what is the currentRead MoreRaising The Minimum Wage1037 Words   |  5 Pagesfurther price out inexperienced workers from the job market, resulting in an increase in unemployment and, ironically enough, poverty. It is a classic catch-22 situation. When all the negative effects are taken into account, is an increase in the minimum wage a wise policy decision? As expounded further, no it is not. There is empirical evidence that suggests that a minimum wage, in and of itself, increases unemployment, especially among young adults. Steve Hanke, a senior fellow at the Cato InstituteRead MoreAnalysis Of Data Analysis On The Local Labor Market949 Words   |  4 Pagesrandom cluster sampling of VR offices in a specific state would indicate a dependent structural relationship, comparing one VR office with another in a different state would be problematic. As the predictor variable in this research is the Local Unemployment rate the primary result can come from the difference in the aggregated data from both 2009 and 2016. The criterion variable of successful rehabilitation can be represented as the total population of clients served for both VR offices in 2009 andRead MoreThe Relationship Between Inflation And Unemployment On Growth1553 Words   |  7 Pagessound macroeconomic policy are maintenance of relative stability in domestic prices, attainment of a high rate of employment or full employment and achievement of a high rapid and sustainable economic growth. The relationship between inflation and unemployment on growth remains a controversial one in both theory and empirical findings. Originating from the Latin American context in the 1950s, the issue has generated an enduring debate between structuralists and monetarists. The structuralists believeRead MoreDrug Addiction And Socioeconomic Status1467 Words   |  6 PagesSchool Author’s Note This literature review was written for Mrs. Boggs Advanced Composition class Abstract Drug addiction has historically been associated with impoverished minorities. However, in recent years, drug addiction has spiked amongst the suburban middle class. While this is obviously an issue, the reasons behind drug addiction are still not entirely unclear, making responding to addiction crises difficult. The following literature review attempts to analyze the relationshipRead MoreEconomic Analysis Of Unemployment And Its Impact On Gdp1420 Words   |  6 Pages Economic Analysis of Unemployment and its Impact on GDP in Developed Countries Paul Kuechenmeister Econ 4331W August 3rd, 2014 â€Æ' Introduction This study examines the impact of unemployment rates to a developed economies growth rate. This paper will be built off of the most distinguished idea addressing the relation of economic growth and unemployment, Okun’s Law . Okun’s Law that assesses the relation between unemployment and economic growth is one of linearity . Okun’s Law is theRead MoreInformation And Communications Technologies ( Ict )1576 Words   |  7 Pages It is estimated that South Africa needs 30 000 to 70 000 skilled IT workers and this shortage is hampering the country’s growth and its ability to compete internationally (Burger , 2014). The ICT skills shortage has had a major impact on the unemployment of IT graduates both nationally and internationally. Currently, businesses require ICT personnel with extensive ICT skill sets and find it difficult to recruit suitably qualified IT graduates with the required technological as well as related business