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High youth unemployment in Nigeria can strain the economy by reducing overall productivity and consumption levels. It can also lead to social instability and increase the dependency on social welfare programs, which can further burden the economy. Additionally, a large pool of unemployed youth can result in lost opportunities for economic growth and innovation.
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What is the unemployment rate of Monaco?
Monaco has a very low unemployment rate, estimated to be around 2% as of 2021. The economy of Monaco is primarily driven by tourism, finance, and real estate, which helps to keep unemployment levels low.
What is the natural rate of unemployment equal to?
The natural rate of unemployment, also known as the non-accelerating inflation rate of unemployment (NAIRU), is the rate of unemployment at which inflation remains stable over time. It is determined by structural factors in the economy, such as demographics, labor market institutions, and technology. It is not a fixed number and can vary over time.
What is the unemployment rate of Vanuatu?
As of 2021, the unemployment rate in Vanuatu is estimated to be around 3%. However, it's important to note that due to limited data availability and the presence of a large informal economy in Vanuatu, this figure may not fully capture the true extent of unemployment in the country.
What was the unemployment rate in the US in 1928?
The unemployment rate in the US in 1928 was around 4.2%. This was before the Great Depression, and the economy was experiencing a period of growth and prosperity.
What is measured in unemployment rate?
Unemployment rate measures the percentage of the labor force that is currently unemployed and actively seeking employment. It is an important economic indicator that provides insight into the health of the job market and overall economy.
WHAT IS THE NATURE OF NIGERIAN ECONOMY?
nigerian economy
The role of banks in the Nigerian's economy?
the role of commercial banking in the development of nigerian economy
List and explain the sectors of the Nigerian economy?
write short note on education aspect in Nigerian economy
What are the contribution of petroleum to the Nigerian economy?
what are the contributions of Nigerian petrouem industry the positiv and negative
What percentage of the Nigerian economy does prostitution hold?
5%
What are the role of enterpreneurship in Nigerian economy?
Employment generation
What are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
What are the three types of unemployment found in India?
The three types of unemployment found in India are structural unemployment, cyclical unemployment, and frictional unemployment. Structural unemployment refers to a mismatch between the skills possessed by job seekers and the requirements of available jobs. Cyclical unemployment occurs due to fluctuations in the economy, leading to reduced demand for labor. Frictional unemployment is a temporary phase when individuals are in-between jobs or searching for new employment opportunities.
Why is economics a social science in Nigerian economy?
a stupid giirl
Why might unemployment not be a concern of the US economy?
Unemployment in the U.S is a huge issue.
Explain the connection between householdsand firms in the economy?
The connection between households and firms in the economy stems from the fact that consumers in this case households work for firms to earn wages as the company makes profits due to increased production.
Is there any differences between technological unemployment and structural unemployment?
Structural unemployment is when in an economy labour do not have the required skills for the jobs available .technological unemployment takes place due to changes in technology , technology increases productivity but less labour is required for it ,which at macro level can lead to structural unemployment
