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Unemployment

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  • 1. UNEMPLOYMENTRUBEN FONSECA 2013
  • 2. EUROZONE UNEMPLOYMENT When RATES (JANUARY Unemploym 2013)30.00% ent occurs?25.00% Unemployment occurs when people are without20.00% work or actively seeking work.15.00% 26.40% [VALOR] It is caused when10.00% someone is laid off, get [VALOR] [VALOR] [VALOR] fired or quits…5.00%0.00% Greece Spain Portugal Slovakia Ireland Source: Trading Economics
  • 3. CAUSES OFUNEMPLOYMENT
  • 4. OVER POPULATIONToo much population can increase unemployment, because governments are unableto create too much jobs at the same time.
  • 5. FOREIGN PRODUCT COMPETITIONIf a foreign product is cheaper than a national product, most of the people will buy thecheaper one, so national companies will suffer and will need to fire people, due to lowdemand.
  • 6. ECONOMIC INFLATIONWhen an economic inflation hits a country, many companies won’t be able to competewith other companies (most of them foreign) and will need to shut down their facilities.
  • 7. ECONOMIC RECESSIONWhen an economic recession (or crisis) hits a country, many companies shut down theirfacilities, leading to dismissal a lot of people.
  • 8. TECHNOLOGYMany companies only accept people with higher grades or specifications, due totecnology… Many people don’t have those specifications, so they can only aplly to jobs thataccept lower grades.
  • 9. CONSEQUENCES OF UNEMPLOYMENT
  • 10. LOSS OF INCOMEMost of unemployment people will experience a decline on their living standards and someof them will have financial problems and difficulties to pay their taxes .
  • 11. LOSS OF NATIONAL OUTPUTA country’s economy will see it’s GDP going down because some people choose to leavethe labour market permanently, which could have a negative effect on the economic growth.
  • 12. FISCAL COSTSDue to the fall in tax revenues, a government could see it’s budget deficit increased. Thatleads to raise taxation, applied by most of the governments in a crisis.
  • 13. SOCIAL COSTSSome unemployed people can have a relationship with crime… Increased divorcerates, worsening health and lower life expectancy are also other consequences.
  • 14. UNEMPLOYMENT SOLUTIONS
  • 15. CREATION OF MORE JOBSIf a government creates more jobs, the unemployment rate will drop, as well as someproblems related to unemployment.
  • 16. STIMULATION OF THE ECONOMYCreating funds and helps to national companies, will stimulate a state’s economy and it’seconomic growth.
  • 17. NATIONAL PRODUCTS WITH LOWER PRICESIf the national products are cheaper than the foreign products, many people could buy thenational ones, due to the lower price.
  • 18. INVESTMENT ON THE PRIMARY SECTORA strong primary sector, will be less damaged when a global crisis hits a country. A strongagriculture, fishing and trade will be essential to a state’s economy.

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