Essay on Unemployment Rate Percent

Submitted By havrelady
Words: 1227
Pages: 5
Open Document
Colombia’s Unemployment
Shannon Vauthier
AIU Online

Abstract
As a member of the World Bank, it is important to know how the different aspects of the global economy are functioning. The different aspects are quantities of specific goods and services, Gross Domestic Product (GDP), unemployment, and inflation. The area the World Bank is focused on is South America. This report will concentrate on unemployment in Colombia.

Colombia’s Unemployment The economy for every country is very similar but also very different. Colombia was once a pert of Gran Colombia until 1830 when there was a collapse and Gran Colombia was split into three countries: Colombia, Ecuador, and Venezuela. Colombia is a country in South America that sparked an interest during the research I have been conducting for the World Bank. The unemployment in Colombia through out the years has fluctuated tremendously because of the economy. Unemployment is a serious problem every country faces. First understanding the meaning of unemployment will help understand the information in the report I am writing. An individual is specified, as unemployed if the individual has not been working, however has been looking for a job in the last month. There are many different areas that can affect the level of the output of the economy. These areas include; demographic modifications, wage standards, education and experience achievements, patterns of migration, the costs of capital and labor, and the distribution of the labor market. These aspects are what change the nature of employment all over the world.
Unemployment increasing causes the Colombia economic situation hard to handle in the early 1980s. There was a boom of the economy in 1970s, therefore, the government did not see there being any problems in the 1980s with unemployment. However, according to the Library of Congress, “the Colombia unemployment rate rose steadily from 8.4 percent in 1981 to 14.9 percent by June 1986. The trend was finally reversed in 1987, as all sectors of the economy began to expand following the 1986 Coffee Boom. Unemployment fell 12 percent in 1987, the lowest level since 1982, and continue to decline in early 1988.”
Year
Unemployment Rate
Percent Change

Year
Unemployment Rate
Percent Change
1980
5.429

1998
9.7
22.78
1981
6.561
20.85

1999
13.1
35.05
1982
7.1
8.22

2000
13.325
1.72
1983
8.694
22.45

2001
14.976
12.39
1984
8.986
3.36

2002
15.653
4.52
1985
8.742
-2.72

2003
14.157
-9.56
1986
7.654
-12.45

2004
13.599
-3.94
1987
7.361
-3.83

2005
11.763
-13.50
1988
6.451
-12.36

2006
12.037
2.33
1989
6.792
5.29

2007
11.15
-7.37
1990
6.637
-2.28

2008
11.3
1.35
1991
6.377
-3.92

2009
12
6.19
1992
5.935
-6.93

2010
11.8
-1.67
1993
5.038
-15.11

2011
10.8
-8.47
1994
4.914
-2.46

2012
9.6
-11.11
1995
5.649
14.96

2013
8.4
-12.50
1996
7.8
38.08

2014
7.9
-5.95
1997
7.9
1.28

After the 1940s, Colombia’s demographic make-up transformed extensively. These changes consist of the labor force increasing dramatically, while women giving birth took a substantial downturn.
Women who enter the labor force added up to about one-third of the total job force. The women that went searching for employment were housewives. These women would get jobs as maids, cleaners, and elevator operators in theaters and buildings in 1920s. In the 1920s the highest wage a women made was around $12 per week. Even with the low pay, making money is what women seen, and this also brought an increase to the poor’s family income.
Occupation
Women whose rate of wages per week were -
Total

Under $6
$6 and under $7
$7 and under $8
$8 and under $9
$9 and under $10
$10 and under $11
$11 and under $12
$12 and under $13
$13 and under $14
$14 and over

Building Cleaners
27
74
38
25
34
9
51
3

261
Building Head Cleaners

1

3
2
3
1
10
Building Maids

1
5
2
1

9
Building Elevator Operators

5
3
6
1
5
10
30
Theater Cleaners

4
11
4

11
3
1
4
38
Theater Maids
1
1

1

3
1
2
9
Totals
28
75
42
38
49
14
72
12
10
17
Show More

Related Documents: Essay on Unemployment Rate Percent

Essay on Eco Week 1

The slight decline in unemployment is moving the economy in the correct direction. There are unemployed worker that are the children going back to school, is make it hard on the needs of the unemployed worker. There is time when the economy is disappointed with the unemployment rates. The retail sales are down, but the housing market was up in August of last year. There were problems in the manufactures, hiring new employees. This calculates the of price elasticity is the percent change in the quantity…

Words 978 - Pages 4

Macro Paper How unemployment rate 2010

HEADER: HOW UNEMPLOYMENT RATE AFFECT COUNTRIES How the Unemployment Rate Affects a Countries Economy In 2010 Abstract This paper is about how the high unemployment rate has an affect on the economy. The high unemployment rate had an affect on the Gross Domestic Production as well how it had an affect on the economy as well. This paper covers when the Gross Domestic Production went up the unemployment rate had gone down as well. The high unemployment rate also had…

Words 1520 - Pages 7

Unemployment in the county of my residence Essay

Unemployment Situation in my County of Residence The purpose of this essay is to analyze the unemployment rate in my home county of McHenry. McHenry County is located approximately 50 miles northwest of Chicago and is filled with suburban towns and some farming communities. In my town, there are a large number of small businesses, farms, and chain stores and restaurants ran by residents. These businesses account for about half of the employment of my town. The other half is made up of people…

Words 810 - Pages 4

Unemployment Benefits Essay

Unemployment Tina Campbell Assignment 2-2: Unemployment ECON220-E1WW May 31, 2015 UNEMPLOYMENT In layman’s terms, unemployment can be defined as a person being without a job or when someone wants to work and cannot find a job. Another example of unemployment is underemployment where the employee takes a job below his/her skill level because that is all the employee can find at the time, but is continually looking for employment at his/her skill level. Economics assigns unemployment into one…

Words 489 - Pages 2

Unemployment During The Great Recession

The rate of unemployment is higher for women due to the Great Recession. The influx of women into the work force increased the natural rate of unemployment, because during the recession, men had borne the brunt of job losses. Which were disproportionately in male-dominated industries like construction and manufacturing. This was because the industries men and women were in at the time of the Great Recession. Men were in industries that would sustain the most dramatic job loss while women were concentrated…

Words 206 - Pages 1

Unemployment Rate After Recession

understand clearer how unemployment rate is associated with recessions, we will deeper analyze figure 4. The graph shows U.S. unemployment rate from 1948 to 2008 (60 year period). Figure 4. The U.S. Unemployment rate, 1948-2008. Source: Bureau of Labor Statistics; National Bureau of Economic Research. The shaded zones represent periods of recession. During every recession, without exception, the unemployment rate increased. As you can see, the most significant growth in unemployment rate is visible after…

Words 637 - Pages 3

Explain Why The Unemployment Rate: Why It Matters To Everyone

The Unemployment Rate: Why it matters to everyone The unemployment rate is a measurement of the current number of citizens that are considered unemployed or without a job. The United States unemployment rate has been a major topic of discussion since the Great Recession of 2008. One of the main subjects of focus for government representatives, both local and national, has been what the unemployment rate is and how can we continue to lower it. A low unemployment rate signifies that a small number…

Words 1654 - Pages 7

Macro: Inflation and Demand Curve Essay

News article titled as Eurozone unemployment hits record, inflation falls reports the latest Eurozone statistics released by Eurostat in 1st March, 2013. It indicates an ideal that unemployment rate soars while the inflation rate falls greatly. In another word, this article reflects one of significant principle of economic which is society faces a short-run trade-off between inflation and unemployment. Under the context of widely-affected debt crisis, article states that newly published official…

Words 604 - Pages 3

Essay about Inflation and Inflation United Kingdom

Inflation United Kingdom Inflation Rate The inflation rate in the United Kingdom was recorded at 2.70 percent in December of 2012. Inflation Rate in the United Kingdom is reported by the UK Office for National Statistics. Historically, from 1989 until 2012, the United Kingdom Inflation Rate averaged 2.81 Percent reaching an all time high of 8.50 Percent in April of 1991 and a record low of 0.50 Percent in May of 2000. In the United Kingdom, the most important categories in the consumer price…

Words 813 - Pages 4

Chapter 6 Essay

CHAPTER 6 Unemployment © 2010 Worth Publishers, all rights reserved SEVENTH EDITION MACROECONOMICS In this chapter, you will learn: …about the natural rate of unemployment:  what it means  what causes it  understanding its behavior in the real world CHAPTER 6 Unemployment 2 Natural rate of unemployment  Natural rate of unemployment: The average rate of unemployment around which the economy fluctuates.  In a recession, the actual unemployment rate rises above the natural rate.  In…

Words 2031 - Pages 9