Uneployment Assignment Example | Topics and Well Written Essays - 2500 words

Uneployment - Assignment Example extreme levels to an extent of posing major security threats to the respective countries since unemployment is recognized as the mother of courtliness ills like dishonesty, corruption and falsehood. It makes humans develop the dark side of their character. This paper is going to explore the issue of unemployment into by first describing the link between the unemployment rate and the GDP growth rate in Greece and in Australia during the period 2003-2012; explaining causes of structural unemployment in Nigeria as well as evaluating policies adopted by the coalition government since 2010 to reduce unemployment in the UK. Using relevant statistics, describe the link between the unemployment rate and the GDP growth rate in Greece and in Australia during the period 2003-2012 ( You are not expected to compare the two countries Sources show that Australia’s unemployment rate began to climb at the same time carbon tax started to increase. The carbon tax began on July 2012 and since then the rate of unemployment that had been dormant for two years started increasing dramatically. Australia’s GDP is said to have been outperforming that of major developed countries in the year 2011 and 2012 since its economy was accelerating upwards an impressive rate not until the carbon tax was implemented. In 2012, the rate of unemployment in Australia was 5.2% Unemployment in Nigeria is among the most critical problems that the country has been facing for many years. The rate of unemployment in the country is at alarming levels despite the fact that Nigeria is endowed with diverse and infinite resources, both human and material. According to a study that was conducted in 2010, the secondary-school graduates consisted of the principal fraction of the unemployed accounting for nearly 35% to 50% with the average the rate of unemployment within the age group of 20 to 24 years being 40 % while that for persons between 15 to 19 years was found to be 31 %. There exists a number of