1. Describe the unemployment scenario globally between 2016 to August 2020. Use table n statistics to...

1. Describe the unemployment scenario globally between 2016 to August 2020. Use table n statistics to illustrate your answers.

2. Explain at least four (4) reasons for the unemployment in Malaysia n suggest the remedy for the problems.

Expert Solution

1)According to International labor organization global joblessness was more than 200 million in 2017.Unemployment was high in 2016 particularly in Asia ,Africa , Latin America nad Middle east.Global unemployment fell to 5% in 2018, the lowest figures since the economic crisis of 2007-08.World unemployment fell further to 4.9% in 2019.Many jobs have been lost globally since the beginning of the covid 19 pandemic.In the second quarter of 2020 , there was loss of 495 million full time jobs .The loss will pile up as the year 2020 ends.

2)The graduates lacked suitable skill and qualification needed by industries,the graduates were weak in employment skill and their working performance were not good,A study by central bank of Malaysia found that Malaysian graduates in comparison to international graduates were less skilled,the graduates were of low quality and lacked technical skills problem solving skills, communication skills in English, creativity, critical thinking etc.Thus the factors that led to unemployment were fast increase in graduated workforce,lack of proper connection between educational institutions and industry, lack of training for employment ,lack of capability and skills of graduates.

There is a big difference between the quality of Malaysian graduates with international graduates.Remedy to these problems are increase in skills of graduates ie education system should aim at developing the skills of the graduates so that they meet the needs of the industries,proper training for employment , large investment in improving human capital etc.

Rahul Sunny answered 1 year ago

Discuss the difference between probability and statistics. Describe a business scenario that utilizes statistics and probability....

Discuss the difference between probability and statistics. Describe a business scenario that utilizes statistics and probability. Provide an example of each.

The following table shows the prices of a sample of U.S. Treasure STRIPs in August 2020....

The following table shows the prices of a sample of U.S. Treasure STRIPs in August 2020. Each strip makes a single payment of $1,000 at maturity without any coupons. (10 points) Maturity Price (%) August 2021 95.53 August 2022 91.07 August 2023 86.20 August 2024 81.08 Calculate the annually compounded, spot interest rate for each year. Spot rate for 1-year strip = Spot rate for 2-year strip = Spot rate for 3-year strip = Spot rate for 4-year strip =...

On April 9, Statistics Canada published Labour Force Statistics for March 2020. Between February and March,...

On April 9, Statistics Canada published Labour Force Statistics for March 2020. Between February and March, 2020, employment fell by 5.3% nationwide. Last year, instead, the change in employment between February and March 2019 was 0%. Using the model discussed in the lecture notes on chapter 6, discuss the impacts that this change in employment will have on GDP, consumption, national saving, the trade balance and the real exchange rate. Remember that Canada is a small open economy currently running...

1. Describe the Unemployment among the different age groups. Describe the Unemployment among different races. Describe...

1. Describe the Unemployment among the different age groups. Describe the Unemployment among different races. Describe Unemployment based on education. Describe the current Unemployment's effect on society and the economy in the long run. You are in charge of recommending a new economic policy that will directly decrease the future's unemployment rate. Explain what your policy would look like. Describe your timeline for effect on unemployment rates; will it be right away, or will it be a long-term solution? Why?

1: Identify and describe the two general functions of statistics. 2: For this question, use the...

1: Identify and describe the two general functions of statistics. 2: For this question, use the human body measurements page available at http://www.wolframalpha.com/examples/HumanBodyMeasurements.html. If our patient is a 5’10” male weighing 200 pounds, is the patient’s weight above or below the mean body weight for males? 3: You are the principal investigator for a small pilot study that is testing the impact of a medication therapy management program for patients with hypertension. Your patients have the following blood pressure measurements...

Use the information in the following table to solve for the unemployment rate. Population 16 and...

Use the information in the following table to solve for the unemployment rate. Population 16 and older 1,000,000 Participation rate 80% Employed workers 720,000 Please enter your answers as numerical responses and do not write out your answers with words. (ie. 40,000 not "Forty Thousand" or 8% not "Eight percent"). How many workers are in the "Labor Force?" How many workers are "Unemployed?" What is the "Unemployment Rate?"

A researcher has a strange habit to use a sample size between N^(1/3) and N^(1/2) ,...

A researcher has a strange habit to use a sample size between N^(1/3) and N^(1/2) , where N is the size of the population that she investigates. Under what circumstances, do you suggest her to use a correction factor for the variance of the sampling distribution while estimating a confidence interval for the population mean? What if she does not take your suggestion seriously? Describe the potential problems involved.

1. Describe a scenario where the Pearson correlation would be appropriate to use in calculating the...

1. Describe a scenario where the Pearson correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables and explain the rationale for your answer. 2. Describe a scenario where the Spearman correlation would be appropriate to use in calculating the strength of the relationship between two variables. Identify the variables and explain the rationale for your answer. What makes this scenario different from the scenario in the previous question?

Describe the differences with one example each between descriptive statistics and inferential statistics with 50 or...

Describe the differences with one example each between descriptive statistics and inferential statistics with 50 or fewer words

(i) In the following scenario, Between 2015 and 2016, The CPI of a small nation rose...

(i) In the following scenario, Between 2015 and 2016, The CPI of a small nation rose from 200 to 205 between these years and household incomes rose by 5% during these years. A claim is made that "Real incomes of the households remain unchanged: " DO YOU AGREE/DISAGREE WITH THE CLAIM? EXPLAIN BRIEFLY IN 2-3 LINES ONLY. (ii) : Who are the winners during high rates of inflation: Borrowers or lenders? Why? Explain in 1-2 lines only.

Question