Unemployment

Unemployment occurs when people who are without work are actively seeking work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. According to International Labour Organization report, more than 200 million people globally or 6% of the world's workforce were without a job in 2012.

There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment. Classical economics, New classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment. These theories argue against interventions imposed on the labor market from the outside, such as unionization, bureaucratic work rules, minimum wage laws, taxes, and other regulations that they claim discourage the hiring of workers.

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Latest News for: job creation program

The Golden Visa Program Begins

Armstrong Economics 28 Mar 2025
These individuals applying for the Golden Visa can profoundly contribute to our economy, and their presence is the precise opposite of illegal migration, as they are providing opportunities for others through investments and job creation.

Colorado Grants Aim to Boost Rural Business in ‘Coal Transition’ Communities

Pagosa Daily Post 27 Mar 2025
We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth.

How Georgia Quick Start and tax incentives helped Hyundai pick Bryan County for new plant

Savannah Morning News 27 Mar 2025
... video that she loves her job because "they actually train you." ... The promise of HMGMA's job creation and capital commitments were also met with Georgia state and local tax incentives and abatements.

Session down to final two days for General Assembly

The Pioneer News 27 Mar 2025
SB 28 creates a new agricultural economic development program and a fund to support innovative agriculture projects and job creation ... HB 54 allows dual credit students in trade programs to count ...

Week seven of session comes to a close

The Pioneer News 27 Mar 2025
SB 28 creates a new agricultural economic development program and fund to support innovative agriculture projects and job creation ... programs based on race, religion, sex, color, or national origin.

Lot of bills approved in final week of session

The Pioneer News 27 Mar 2025
SB 28 creates a new agricultural economic development program and fund to support innovative agriculture projects and job creation ... programs based on race, religion, sex, color, or national origin.

Ascent Biomedical, which uses AI to treat cancer, will establish lab at Gannon University

GoErie 26 Mar 2025
... number of jobs to top 100 within five years ... "The community involvement — the job creation, the new student programs, extending care to our community – really impressed the LFLTL board," he continued.

Lesotho: MPs Call for Drastic Curbing of International Trips

All Africa 26 Mar 2025
FUNDS saved from international travel reductions should be redirected towards combating youth unemployment through job creation, internships, vocational training, mentorship programs, and entrepreneurship support ....

From Abandoned Mines to Thriving Farms: Land Betterment's Vision

ACCESSWIRE 26 Mar 2025
... is an environmental solutions company focused on fostering a positive impact through up-cycling former coal mining and industrial sites to create sustainable community development and job creation.

NDB president invites Indonesia to join as member: Airlangga

Antara News 25 Mar 2025
The NDB prioritizes infrastructure development and poverty alleviation through programs that support industrialization, thereby fostering job creation ... Indonesian FM shares govt’s national programs with NDB.

World Bank President Ajay Banga Talks Jobs and Development at IOP Forum

The Harvard Crimson 25 Mar 2025
When asked to choose between investing in job training programs or working with businesses to create jobs, Banga said “neither,” adding that job creation should not rely on outsourced work from “the Western world” or artificial intelligence.

Michigan Strategic Fund board approves incentives transfer for GM battery partner

Detroit news 25 Mar 2025
... full capacity, LG Energy Solution says its anticipates creating up to 1,700 jobs, which will meet or surpass the job creation requirements outlined in the state's critical industry program grant.

Coalition presses Lansing City Council, Strategic Fund for transfer of incentives for EV battery plant

Lansing State Journal 24 Mar 2025
... through the Critical IndustryProgram was invested as intended, and LG Energy Solution expects to meet all job creation commitments required by the program, up to 1,700 good jobs at full operations.".

Inside the competitive world of billionaires racing to collect the most citizenships

New York Post 22 Mar 2025
In February President Trump floated the idea of scrapping America’s long-running, complex and controversial EB-5 residency program — which requires investment and job creation in an approved business — for a $5 million “gold card.”.

Asta Cita implementation requires central-regional synchronization

Antara News 21 Mar 2025
... governments' programs can be in harmony ... This aims to facilitate the realization of all priority programs, such as school development, the Free Nutritious Meals program, and job creation efforts.
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