By early 2013 the country observed a lower unemployment
rate was 5.
rate was below the EU average which stood at 8.
The monthly review by the International Monetary Fund (IMF), Finance and Development (F&D), reserved its March edition, "Jobs on the line" to address various aspects of unemployment
which have become a global problem, albeit very in different situations in each country.
labor market historically has been characterized by relatively short unemployment
durations for an average worker.
As a result, firms post fewer vacancies, fewer jobs are created, and unemployment
goes up, everything else being the same.
Referring to Cyprus' performance, there was a decline in unemployment
for the fifth consecutive month with the unemployment
rate for men being 16.
are an unfortunate subset of the unemployed: longer durations of unemployment
are related to a lower transition rate into employment, the long-term unemployed are generally displaced shortly after they gain reemployment, and supporting unemployed workers to transition to expanding sectors of the economy is a relevant topic.
At the same time, unemployment
in the Eurozone and the EU remained stable.
While architecture grads have it exceptionally bad, unemployment
rates for recent grads in pretty much every major are quite high.
A further factor is that United States and the United Kingdom, where the association between low intelligence and unemployment
has been reported, have minimum wage legislation.
They fail to find "any compelling evidence that there have been changes in the structure of the labor market that are capable of explaining the pattern of persistently high unemployment
The Council of Labor Affairs (CLA) has set the red line for this year's unemployment
rate at 4.
While male unemployment
fell by 17,000, the number of jobless women rose 5000 to stand at 106,000.
A simple version of Okun's law regresses the change in the unemployment
rate over a period in time (usually a quarter, or in the picture below, a year) on a constant and the change in real GDP growth over the same period.
Compared to November 2011, the seasonally-adjusted unemployment
level in the European Union stayed put at 9.