The Labor Market - 1090 Words

Introduction The landscape of the labor market is a critical factor in the economic comparison of different countries. Countries with a friendly job market are economically stronger because such an economy is able to achieve high living standards for its citizens. This paper therefore endeavors to explore some of the trends in the labor market in the US, EU, Japan and China Unemployment Rates As per August 2016 the unemployment rate was reported to be at 4.9% percent by the Bureau of Labor Statistics and this is the first time the unemployment rate fell below 5% since 2008. However, despite the fall in unemployment rates it is worth considering that only a few of the adults are working. Only 62.7% of the adult Americans are working and this has been so since the late 1970s.n On the other hand, the unemployment rate in the EU was rated at 10.2% in April which is the lowest rate since 2011. In the EU, Greece is by far the country with the highest unemployment rate of 23.3% particularly due to its economic meltdown. On the other hand Malta and Germany have recorded the lowest unemployment rates in 2016 of about 4%. In Asia, the unemployment rate in China by June 2016 was rated to be 4.05%. In the first half of 2016, 7.17 million jobs were created in the majority of the Chinese urban cities therefore accounting for 71.7% of China’s yearly target of 10 million jobs. In Japan, the jobless rate rose to 3.1 % in August 2016 from 3.0% in July. The unemployment rate in JapanShow MoreRelatedThe Labor Market1304 Words   |  6 PagesLabor economics seeks to understand the functioning and dynamics of the markets for labour. Labor markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labor services (workers), the demands of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income. There are three main groups of actors or participants in the labour market: individuals, firms (or employers), and the government. IndividualsRead MoreThe World Labor Market1291 Words   |  5 Pagesthe labor supply created the world market labor (Lecture, February 25, 2014). For example, this resulted in millions of people to come to America and involve themselves in working for our country. However, migrants tend to always get paid little amounts which does not really help them out the way that they need or hope for but they stick around anyways. In addition, increased migration primarily helps the government’s economic state. For instance, the United States has a large labor market. ThereRead MoreAnalysis Of The Labor Market1247 Words   |  5 Pages Labor Market Fiscal and Regulatory Issues in Health Services, HA6500 Nwogwugwu Enyioma National American University Labor Market- delete Introduction The healthcare sector has been one of the most prominent employers of labor in the United States (U.S), and it keeps growing. The recent changes in U.S demographics, quality of professionals, policies, technology and the systems of funding and reimbursements have affected and caused changes in the organization and utilization ofRead MoreThe Labor Market Of The Labour Market1403 Words   |  6 Pages â€Æ' The labour market is defined as the place where employment and employee interaction take place, otherwise known as ‘Job Sector’. In the labour market, employers and companies whether big or small always compete to hire the best skilled, highly motivated and hard-working of individuals to compete for the best job available. (Economic, 2015). 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These features have attracted many foreign investments and a consequently, the state owned enterprises started to suffer from competition. All these changes forced China to reform is labor relation system. This report aims to analyze the strengths and weakness of labor relation system in china, especially in terms of the strengths and issues in labor market and training. 1 Outperformance of labor markets in chinaRead MoreRecruiting in Labor Markets10081 Words   |  41 PagesChapter 7—Recruiting in Labor Markets MULTIPLE CHOICE 1. The limitations the U.S. government places on available visas for high-skilled foreign workers a. protect U.S. high-skilled workers from the outsourcing of their jobs overseas. b.- make U.S. firms less competitive world-wide. c. have resulted in fewer terrorist threats in the U.S. d. have resulted in lower salaries for high-skilled U.S. workers. ANS: B PTS: 1 DIF: Moderate REF: p. 193 OBJ: 1 NAT: AACSB Reflective Thinking LOC: EnvironmentalRead MoreGentrification Of Gentrification And Labor Markets1397 Words   |  6 Pagesresidents and firms, a frequently overlooked subject is gentrification’s ability to displace labor from an economic standpoint. This review will primarily demonstrate that the limited research on gentrification and labor markets has concluded that a relationship between the two does seem to exist. In particular, the literature has shown that gentrification may negatively impact the manufacturing sector of the labor market, which has negative implications for urban economies. The review will also summarizeRead MoreEffects Of Beauty On The Labor Market Essay1204 Words   |  5 Pageslaboratory experiment was conducted to fully study the impact of â€Å"beauty premium†, the positive association and relationship between attractiveness and wages, on economic success in the labor market. The experiment was conducted by Tatyana Deryugina, a professor of finance and her companions. Although illegal, labor market discrimination has occurred based on physical appearances and Tatyana wanted to test this notion. Deriving from this experiment, they were able to conclude that the beauty premium doesRead MoreThe Can adian Labor Market Of Canada1274 Words   |  6 PagesCanadians. Even today the Canadian structures and systems are affected by this legacy distressing the lives of everyone and especially the racialized people in Canada. This paper is an attempt to understand ethnicity exhibited in the Canadian labor market. There is a long history of maintaining unfair policies and biased practices towards Canadians who are racially different on the basis of skin color and other apparent features. Sadly with time unfavorable policies and differential treatments targeted