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2003. 09. 09. jegyzetek.hu NYV0011D

Kérlek ne felejtsd el, hogy az anyagban előfordulhatnak hibák, tárgyi tévedések. Ha ilyet találtál, kérlek jelezd nekünk. Jó tanulást kíván a jegyzetek.hu csap
http://www.jegyzetek.hu/
Labour Market
The labour market is strongly related with some indices, we should know:
rate of activity =
rate of employment =
rate of unemployment =
HDI: Economic growth must be accompanied by the rise of living standard. Countries are classified in accordance with th
components of the HDI (Human Development Index) are:
 per capita GDP counted on purchasing power parity
 Level of qualification
 Life expectancy
(Hungary is 42-46th on the list)
Unemployment

Unemployment in a functioning market economy is inevitable. Economists say that a 3 to 5 per cent range of unem
should be considered as a natural rate. In case the unemployment rate is under 1%, we speak about full employmen
World War II. in Hungary and in Eastern Europe there was no unemployment, but in the socialist countries there were
economies either. In Hungary there is an unemployment rate of 6,1%. (2003) – You should inform yourself about t
rate!!!
There are different types of unemployment:
 Structural unemployment: when the skills of available workers do not match the jobs vacant
 Voluntary unemployment: when people choose not to work, often because the do not find jobs that pay enough
 Seasonal unemployment: when work fluctuates according to the time of year
 Cyclical unemployment: during recessions, when the overall demand for labour declines
 Classic unemployment: the loss of jobs occurred when wages are too high
 Frictional unemployment: when people leave their jobs to look for another one
We can see, that there are some natural types of unemployment, which do not harm the economy (frictional unemplo
example). That’s why a 3 to 5 per cent range of unemployment should be considered as natural.
It might be useful to think over the job-related things like job-interviews, being redundant, redundancy money, curric
(résumé). Your examiners may ask you some questions about these things.

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