Buy custom Simiilarities and diffierences between Australian & Russian economy
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2420 |
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Estimates indicate that the national unemployment rate peaked at about 13 percent in 1999. The real level may have been considerably higher, because some employees who were counted as full-time workers actually worked only part time or not at all; even individuals who were not receiving wages often preferred to remain on the official rolls in order to obtain work benefits such as housing subsidies and social insurance...
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By 2002 the official unemployment rate declined to 8.6 percent, although some regions had much higher levels of joblessness.
The employment and unemployment rates for both countries are immensely varied. Despite Australia's growth, it still has tended to have relatively high levels of unemployment. Russia's unemployment rate however, is due to its preceding economic crisis...
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