Unemployment Rate In Hong Kong

Un custom Unemployment as the dictionary defined it is a state of creation involuntarily unemployed . It also takes place when there s an unavailability of job on a indisputable country . accord to Virginia Employment Commission the term unemployment can be class into different implication such asn Had no employment save were available for work andn Had engaged in any limited job-seeking activity within the past four weeks , such as registering at a public or private employment office meeting with prospective employers , checking with friends or relatives placing or answer advertisements , or writing letters of application orn Were wait to be c altogethered back from a job from which they had been laid off orn Were waiting to report to a new wage or hire job within 30 days How does unemployment affect economyThe staggering increase of unemployment can greatly affect the stability of a country s economy in the sense that it prevents progress on al matchless areas particularly those where it is needed the most . When a certain country has a low rate of economic branch it also means that it has higher chances of unemployment . If the unemployment goes too low swelling goes up , because low employment drives wages upwards , and prices follows . universe unemployed , also create an emotional problem such as mental stress , clinical depression , companionable dysfunction etc . Education is also a big figure when it comes to unemployment . People who has a good education are to a greater extent unresolved on getting a job . We all know that a lot of companies rely on a person s education background , it shows there if the person is capable of doing the job . Having no education at all leave give a hard time for a person to look for a job . There leave be a lot of competition . He /She forget be competing with someone who has a bachelor degree .

The basis on the person who has no education at all go out be his /her ability to learn fast , cope considerably with the new environment and being street-smart . In terms of funds , the worker feels that he /she has no capability to earn cash if he /she has no work because most spate rely on their income to maintain their standard of living that s why waiver of job will be a threat to them . We all know that money is essential for all of us . It is one of the reason why we still exist here on earth . Money and work is the primary needs of an soulfulness in to live . As well as in the government , if there s a higher rate of unemployment their will be no taxes on the government , their projects and proposal will not be materialized due to lack of fund . Having jobs is what people care about , however economists and politicians assess working towards achieving a good economyWhat is unemployment rate within these 5 years in Hong KongFor the past five years Hong Kong experienced a get up and fall...If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .