Essays on Globalization Assignment

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IntroductionUnemployment is the situation of an individual who is able to work, actively looking for work but is not able to get a salaried job (Healey, 1998). However, it is important to know that to be regarded as unemployed; an individual should be an energetic affiliate of the labor force and actively seeking a remunerative job. Joblessness is a plague in nations at every level of economic growth (Kriesler, 1999). Unemployment, mainly continuing unemployment, is the chief cause of poverty and bother in a society. It is the basis of massive personal and economic hardship for several people and their families.

The struggle against joblessness is critically significant. However it is stated that this fight can only win by focusing on job provision and opportunities rather than slogans and punishments. This paper therefore illustrates the issue of unemployment and discusses the policy responses of Australian government to this issue. The rate of unemployment in AustraliaAs of March 2002, the Australian Bureau of Statistics (ABS) approximated that 622,300 individuals were not employed in Australia at a pace of 6.3 per cent (McKay, 1997).

While the rate of unemployment is important, it also has a number of very real constraints. It does not show what jobs are being created or disappearing, whether they are causal or long term, part-time or full time. It also does not mirror whether individuals are working for many hours or not sufficient hours, or the quantity of time they remain without task. Joblessness is not a problem exclusively for the people who are not paid; it is a crisis for everyone. If individuals who have no money to spend, domestic businesses do not sell their commodities and this increasing consequence can impact on whole economies. The rate of unemployment is a figure generated every month by the ABS.

ABS defines a person who is unemployed as an individual who is not in salaried employment who is actively searching for job (Bell, 2000). A person doing salaried job in week for at least one hour is not regarded as unemployed. Several people are slightly connected to the labor force- they desire to work but are not aggressively looking for employment. Occasionally people stop searching for job due to the deceptive notion that they will not be succeed (Bell, 2000).

The discouraged job seekers might think they are too young, or too old, or do not have the skills a boss would require. This is considered as hidden unemployment. The other leading category of people not mirrored in the statistics is the people working but would rather work extra hours, the underemployed. As of February 2002, more than twenty seven per cent of part-time employees desired to work extra hours (McKay, 1997). Three bases of data are applied to calculate the numbers showing the labor force in view to unemployment.

These entail the monthly labor force review carried out by the ABS, data from the Job Network and Statistics from Centrelink (Healey, 1998). Furthermore, the ABS further tries to group the final data into divisions involving education, region, age, occupation, and sex.

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