Problem Statement 2

Running Head : PROBLEM STATEMENTProblem StatementJenny FrasqueriCourse RES 711University of PhoenixProf . Kimberly KlumIntroductionFirstly , unemployment can be described as a situation whereby an individual is getable for work but is unable to secure any . The grade of unemployment is measured basically by the percentage of the labor impression that is unable to get job . This consider varies across the globe from one country /continent to another . America seems to fetch the lowest rate followed by Europe , while Africa has the highest rate , an alarming rate to be rightly phrased . An unfortunate mockery however is the fact that Africa seems to be the most silent on the issue of unemploymentThe recent economic depression has however bestowed this dilemma of unemployment to all nations , thus at present , Africa and the rest of the initiation now share a common problem .

American companies are downsizing retrenching in mass , churning step forward people into the already full labor market . Microsoft is verbalize to be retrenching almost threesome thousand staff this stratum . In the United Kingdom , it was reported that the number of the slothful might organise to as much as three million before their next electionRecently , it was forecasted that since there had been thousands of job cuts denote in the wake of the deepening financial crisis unemployment is expected [ .] to rise to 3 million (Ballakrishnan Kollewe , 2008Background of the ProblemUnemployment came with the advent of the capitalist society which the institution has suddenly embraced...If you want to get a full essay, format it on our website: Ordercustompaper.com

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