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Satchel loses his job and immediately begins looking for another. Other things the same, the
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- Suppose your earn 3% wage from your employer. Then, the government releases economic data indicating the inflation rate is running at 5%. Are you better off? Based upon changes in your real wages, did your standard of living improve ?An unemployed person is A person who wants a to work but does not look for oneA person who is actively seeking a paid jobA university graduateA volunteer who does charity workMike has been working manufacturing cars for the last 20 years. Last year all the car manufacturing plants in Australia closed. Mike has been advised to re-train as an Aged Care Worker. What type of unemployment is Mike experiencing? Select one:
- The OECD countries' unemployment rate has risen continuously since early 2020 before the COVID-19 pandemic hit the labor market. According to the statistics, the unemployment rate has increased drastically from Feb to July 2020. Among the most affected countries are the United States (3.5% to 10.2%). (i) give two unemployment challenges of the country. (ii) what do you think can be the best solution to reduce the unemployment rate in the United States?Agricultural workers seek new jobs when the harvest season is finished. What type of unemployment is this an example of? Short answer not brief....pleaseWhat causes the high unemployment rate in south Africa?
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