Monday, December 21, 2015

Jobs Circular at Customs, Excise & VAT Commission


Bangladesh is a low-lying country with a total area of 55,598 square miles or 1, 43,999, square kilometers. It stretches latitudinal between 20º34' and 26º38' north and longitudinally between 88º01' and 92º41' east. It is mostly surrounded by Indian Territory (West Bengal, Tripura, Assam and Meghalaya), except for a small strip in the southeast by Myanmar. Bay of Bengal lies on the south. The population of Bangladesh is about 133.4 millions. Majority of the population are Muslims; Hindus, Buddhists and Christians make up 13 percent of the entire population. Over 98 percent of the people speak Bengali; English however, is widely used. The entire country is broadly divided into six administrative divisions, namely, Dhaka, Chittagong, Rajshahi, Khulna, Barisal and Sylhet. This country governed by the Parliamentary democracy and it has a unitary parliament, named Bangladesh Jatia Sangsad. There are 40 Ministries and 12 Divisions. Only few ministries are large, the Ministry of Health & Family Welfare is one of them. At the national level, the ministry of Health & Family Welfare (MOH&FW) is responsible for policy, planning and decision making at macro level. Under MOH&FW, there are four Directorates e.g. Director General of Health Services, Director General of Family Planning, Directorate of Nursing Services and Directorate of Drug Administration.


Saturday, December 19, 2015

Job circular at Dhaka South City Corporation



Dhaka South City Corporation (DSCC) is one of the two municipal corporations in Dhaka created when the former Dhaka City Corporation was divided into two. The Corporation was created by the Local Government (City Corporation) Amendment Bill 2011 on 29 November 2011, passed in the Parliament of Bangladesh, following the President's approval,.
The Local Govt. (City Corporation) Amendment Act (2011), Dhaka City Corporation has divided and re-created as Dhaka South City Corporation (DSCC) and Dhaka North City Corporation (DNCC) on 04.12.2011 as well as the Government has appointed Mr. Md. Khalilur Rahman (additional Secretary) as the Administrator of DSCC.
According to the existing law, the executive power of the Corporation vests in and exercised by the Mayor/Administrator. The Corporation constitutes Several Standing Committees and other Committees to monitor and guide the diversified activities of the organization. The Mayor/administrator is assisted by the Chief Executive Officer, who in turn, is assisted by the Secretary, the Heads of Departments and Zonal Executive Officers.
Dhaka South City Corporation consists of 57 wards covering the thanas of Azimpur, Maghbazar, Malibagh, Motijheel, Jatrabari, Dhaka Kotwali, Sutrapur, Bangsal, Wari, Gendaria, Lalbagh, Hazaribagh, Dhanmondi, Shahbagh, New Market, Khilgaon, Kamrangirchar & some others.

Saturday, December 12, 2015

Job circular at Ministry of Social Welfare



Ministry of Social Welfare is one of the important Ministries dealing with Human Resource Development, Poverty Eradication, Welfare, Development and Empowerment of the bypassed and disadvantaged segments of the people of Bangladesh. To introduce Bangladesh as a Welfare state this Ministry is implementing programs like Old Age Allowances, Widows Allowances and Allowances for Persons with Disabilities, Grants and aids to Acid burnt victims. The Ministry has also multidimensional and intensive programs for the welfare of the by-passed, disadvantaged segment, unemployed, landless, orphans, distressed, vagrants, homeless, socially, intellectually and physically challenged, neuron-developmental challenged, poor, helpless patients, Children at Risk of both rural and urban areas of the country.
In accordance with the Article 15(Gha) of the constitution of Bangladesh, Ministry of Social Welfare as well as attached Department and Agencies are implementing these Programs. All the Programs are related towards achieving the targets of Millennium Development Goals (MDGs), Management of Social Transformation (MoST), Vision 2021 and Sixth Five Year Plan.


To be more dynamic, transparent and accountable the Ministry has undertaken development approach instead of charity approach. Family Centric Programs and pro-people Work Plans have made the Ministry popular to the people of Bangladesh.


Thursday, December 10, 2015

Career at Ministry of Primary and Mass Education


To establish a knowledge-based and technologically-oriented competent society to ensure that every school-age child has access to primary level institutions that provide all necessary facilities, continue in school to receive and achieve quality education, and provide opportunities to pre-school children, young persons and adults to meet their learning needs in a competitive world.
a) To ensure 100% enrollment of school aged children.
b) To reduce the trend of drop-out rate of the enrolled students, so that achievements translate into comparable completion rates; and

c) To eradicate illiteracy from the country by 2014.


Career at Government Job


Bangladesh is a low-lying country with a total area of 55,598 square miles or 1,43,999, square kilometres. It stretches latitudinally between 20º34' and 26º38' north and longitudinally between 88º01' and 92º41' east. It is mostly surrounded by Indian territory (West Bengal, Tripura, Assam and Meghalaya), except for a small strip in the southeast by Myanmar. Bay of Bengal lies on the south. The population of Bangladesh is about 133.4 millions. Majority of the population are Muslims; Hindus, Buddhists and Christians make up 13 percent of the entire population. Over 98 percent of the people speak Bengali; English however, is widely used. The entire country is broadly divided into six administrative divisions, namely, Dhaka, Chittagong, Rajshahi, Khulna, Barisal and Sylhet. This country governed by the Parliamentary democracy and it has a unitary parliament, named Bangladesh Jatia Sangsad. There are 40 Ministries and 12 Divisions. Only few ministries are large, the Ministry of Health & Family Welfare is one of them. At the national level, the ministry of Health & Family Welfare (MOH&FW) is responsible for policy, planning and decision making at macro level. Under MOH&FW, there are four Directorates e.g. Director General of Health Services, Director General of Family Planning, Directorate of Nursing Services and Directorate of Drug Administration.


Tuesday, December 8, 2015

Best Dubai Jobs



Dubai is arguably the most attractive destination for job seekers who want a job in the gulf. Though Dubai built its economy in the 70s and later on oil and natural gas, today oil constitutes only 6% of its economy. The larger share of the economy is taken by real estate and construction (22.6%), trade (16%) and financial services (11%). With such diverse fields taking much of economy, and growing at a fast pace, Dubai attracts a lot of job seekers.
Construction Jobs in Dubai
In construction, the in-demand jobs are: Project architect, site supervisor, site surveyor, architectural draftsman and such. These are all skilled jobs, and their pay is comparable to those paid in the first world. Some of the less skilled jobs are: plumber, carpenter, electrician, mason and painter. There are a lot of other jobs that are available in construction. The job of the construction worker is also prized because of the high pay, especially when compared to countries such as Pakistan and India.
The development the grand projects such as Palm Islands and The World has shown that Dubai construction industry is one of the most developed in the world. These projects involved workers and engineers from such diverse countries such as Pakistan, Bangladesh, Germany, India and dozens of other countries.
Finance Jobs in Dubai
If you are in finance industry, there are jobs available as accounting technician, chartered accountant, actuarial consultant, credit analyst, investment banker, tax advisor and others. International banks such as HSBC, ABN-AMRO, Barclays, ANZ Grindlays, Royal Bank of Canada operator out of Dubai, and employ thousands of people.
Visa and Work in Dubai
To live in UAE, and with it in Dubai, you need a residence visa for UAE. Along with that you also require an employment visa. Usually an employer will take care of both these for their new employers. Once you get a visa, you cannot work for more than one company, unless your visa allows it specifically.

With 0% personal income tax, and a standard of living that matches the best in the world, a Dubai job is a dream come true for many people. You too should consider it if you want a high paying job with great prospects.

Sunday, December 6, 2015

What are the Best Online Careers Today?



After a high school, and a college education, one would think that a good job is guaranteed in our society. That's how the "school" of thought goes in America. Well, after we all watched the stock market crash of '08-'09 (more than 50% drop!!), seeing all our 401K's shrink to 101K's, and massive layoffs around this great country, I believe this school of thought is somewhat inaccurate. I wanted a better choice, so I started to research the best online careers that could generate the income I needed, and have some security.
Who would have thought that this would ever happen to our economy?
It started me thinking, there has got to be a better way to generate income and have some security in my job. Some of the best online careers and businesses are very appealing because of the benefits that come with this type of endeavor.
Let's take a look at some awesome benefits the best online careers and businesses have to offer.
1. Startup costs are extremely low or non-existent.
2. Work from home (or anywhere) at the hours of your choosing.
3. No boss to answer to.
4. Income is not in direct relation to the hours you work.
5. If you decide to move, you take the business with you.
6. Income potential is virtually unlimited.
7. Can be started and built without quitting your day job
With all these great, and real benefits, it is difficult to ignore the potential of an online career and business.
Did you ever want to move to a warmer climate, or far enough away from your present job, that the move was just about impossible? You must have thought, "How would I find another job with the same or better salary"? Did you ever want to be your own boss? Did you ever want a day off without asking?
These types of careers and businesses will give you these benefits and can be built up without quitting your day job. Once you reach your goal, you can quit your job!!
With the best online careers available today, all you need are a computer and an internet connection!
The internet itself has made this possible. With all the tools available today, and the internet growing rapidly every year, the chance to start one of the best online careers has never been better in the entire history of the internet.

Saturday, December 5, 2015

PHP Web & Software Developer Urgent Wanted



Job Description / Responsibility No. of  Vacancies                                                      

    02
  • The applicant must have experienced to developed any kinds website and software
  • Solid understanding of Core PHP.
  • Good understanding of Frameworks like Zend, Doctrine, Zoomla, Wordpress, Laravel,etc.
  • Good understanding of HTML 5, CSS3, JQuery.
  • Good understanding of how to work with APIs in the language of their choice.
  • Good capability of writing complex SQL queries and objects to persist with Database.
  • Experience with social APIs (Twitter, Facebook, LinkedIn, etc.)
  • Comfortable working and multi-tasking in a fast-paced team environment
  • Work collaboratively in a team environment that includes more senior application developers and/or architects
  • Work closely as a development team in understanding and implementing the optimum solution.
  • Experience with responsive design implementation is a plus point
  • Meet aggressive deadlines while working under pressure, dedication to building high-quality
Job Nature
    Full-time
Educational Requirements
    B.SC in CS/E
Experience Requirements
  • 2 to 3 year(s)
  • The applicants should have experience in the following area(s):
    Content Developer, Graphic Designer, MIS, Programmer/Software Engineer, Web Developer/Web Designer, Database Engineer/Database Programmer
  • The applicants should have experience in the following business area(s):
    Software Company
Additional Job Requirements
  • Age 22 to 35 year(s)
  • Good communication skill
  • Skill to work in a team
  • Professional attitude
Job Location
    Dhaka
Salary Range
    Negotiable
Other Benefits
    As per Company Policy



==================================================================

Published On:
 Dec 5, 2015
No. of  Vacancies :
02
Job Nature :
Full-time
Experience:
2 to 3 year(s)
Age :
22 to 35 year(s)
Job Location :
Dhaka
Salary Range:
Negotiable
Application Deadline :
Dec 15, 2015



Company Information

Subra Systems Limited
Business : Software Development, IT Consultancy, System Analysis, Research and BPO.

    .

PHP Fresher Jobs in Bangalore - How to Apply?



PHP has brought a revolution in industries in 2010. There are many technologies, and applications used by different companies but PHP is the best. So if you can learn PHP it will be of great advantage to you.
How to learn PHP?
Many institutes are there with their great faculties where you can join to learn PHP. They will provide you with notes and practical experience and you need to learn it properly. There are many institutes in Bangalore which provides an opportunity to work on live project. This is really a great opportunity for you as a fresher.
Advantages of PHP:
PHP can add value to your resume while applying for renowned software companies like IBM, TCS, INFOSYS etc. You can take reference from different online eBooks. You can find that many companies are hiring a fresher for PHP.
Special advantages in Bangalore for PHP:
There are many small companies who work with the PHP platforms. You can join those companies and gather an experience of about one or two years. Thereafter you can apply for big companies. In this world of competition you will find many competitors of yours while appearing for the interview but in order to be on the safer side you should learn PHP and practice well so that you do not face any problem while appearing for the interview.
How to apply for a job in PHP?
Applying for a job is a very simple process. All you have to do is upload your CV to the respected company's site where you want to join. You can also upload your resume in jobs.com. You will see that the company that requires new employees will definitely contact you. You should also check from your end every time and update your resume if needed.

Now you can also subscribe to job newsletters which would post regular updates about PHP jobs in your inbox.

Friday, December 4, 2015

The Importance of a Bachelor's Degree



A bachelor's degree is awarded to a student on successful completion of an undergraduate course. Burdened with an economy that is only slowly recovering from a steep recession and faced with a scarcity of job opportunities, students and job seekers are realizing the value and importance of a college degree. This is the time when job seekers are being rejected because they lack a specific degree or two. Even master's degree holders and people with extensive job experience are facing rejections; the chances of an individual without any college degree whatsoever are pretty slim.
Surveys have continually shown that unemployment is indirectly proportional to degree completion. The data saved by the government have similar inclinations. The unemployment rate last recorded shows that it was twice as high for persons without a high school diploma than for persons with an associate's degree. The gap increased to thrice as high on bringing bachelor's degree holders to the picture. Having this degree is an accomplishment that is well appreciated by employers; they tend to pay employees with the higher qualifications more.
For some individuals money is not the only thing of interest, the chance of being recognized for their skills, ideas and expertise in the field of their choice act as a better catalyst for these people. If credibility and recognition is what a person seeks, there is no better way of ensuring it. In this way the degree helps individuals reach their career goals with ease. Promotions and increments in the workplace are based on the qualifications as well. As a person goes onto the next level, he or she is given more responsibilities which makes the job more challenging and hence, more interesting. What is a job worth if it does not keep you interested?
Career growth is another aspect that a degree controls. On job searching people realize that the connections to people inside and outside their field of interest are a great resource. People you meet as a student, your instructors, peers, friends, seniors and juniors can have a fairly positive effect on the future of your career. They can recommend your work, mention your name to potential employers or offer you their advice and resources to find a great job. This in turn has the capacity of bringing new opportunities for you to the limelight.

Traditionally speaking, to complete an undergraduate course and get a degree attending the college or university for three or four years were mandatory. The term depended upon the subject taken and the rules of the college or university. But, modern times have made this a fairly easy affair. The syllabus and the courses have become flexible and technologically enhanced with the advent of the internet. That said, a degree is not just important because of its ability to further one's career instead it is a route leading to self-discovery, more so for an international student looking to leave the comfort of his or her home to pursue educational dreams.

Thursday, December 3, 2015

Top Tips For Incorporating Your Personal Brand In Your Job Search



Here are 5 tips for incorporating your brand throughout your resume, your cover letters, and your entire career marketing portfolio.

Tips - 1
 
Branding provides your resume and other career marketing documents with instant, precision-like focus that positions you as the ideal candidate for the specific type of opportunity that interests you. An unfocused resume is boring and ineffective. An unfocused resume wastes your readers' time and will land in the circular file. A properly branded resume is, by definition, focused, and addresses not only your unique value proposition, but it does so in a way that addresses the concerns of your target audience.

Tip - 2
Use your personal brand profile and personal brand statement to project a cohesive brand image and value proposition across your resume, cover letters, and all your documents. In my work, I have the opportunity to review a lot of resumes, letters, biographies and other documents that my clients and prospective clients have tried to write for themselves. This tip relates to one of the most common mistakes that I see. Too many people try to be too many things to too many people. Their career marketing portfolios (resumes, cover letters, biographies, etc.) are a hodge-podge of documents written over a number of years and added onto randomly whenever the need arises for an updated resume. Certainly across the portfolio, and sometimes even within the same document, I find multiple design and content styles, as well as disconnected and outdated messages. When you brand your job search documents you immediately correct this problem.

Tip - 3
During the first review, resumes are scanned for mere seconds in a process that is meant to do nothing more than filter out unqualified candidates. Clearly and succinctly incorporating your personal brand statement into the profile or summary section of your resume is a way to ensure that your resume will stand out and get attention. One way to accomplish this is with a headline statement followed by a sub-headline that promotes your value proposition. If you aren't familiar with this style, take a look at the many sample resumes on the Distinctive Documents website.

Tip - 4
Personal branding gives you a way to truly let your personality shine through and to establish an emotional connection with your audience. It can be tough to make this connection in your resume, but your cover letters and your narrative biography are great opportunities to promote soft skills and weave in examples of key brand attributes. In a very real sense, personal branding requires that you be courageous about really "owning" yourself and acknowledging yourself for the strengths and value you bring to the table. Let your personality come across in your letters and in your biography. Don't be afraid to make a connection by accentuating your strengths and value proposition as they relate to your audience. This is a great way to establish rapport and trust with your reader even before you have the chance to speak by phone.

Tip - 5
Keep in mind that one of your primary goals in branding your job search documents is to paint a compelling portrait of your unique value proposition. To do this, you will need to structure your resume so that it promotes your key skills, qualifications, experiences, and achievements in a way that is both convincing and compelling and clearly illustrates to the reader that you can meet their needs and help them to achieve their goals, all the while adding value to their organization and delivering a strong return on their investment in hiring you. This is a lot to accomplish in a single resume! One of the most effective ways to do this is to focus the chronology of your work history on achievements and results.
Write your achievements so that they tell a succinct story of the challenges and problems you have faced, the actions you took to meet those challenges, and then the results and benefits of those actions - the actual return on investment of your actions. Writing your professional chronology in this way will engage the reader, supporting your brand and helping them to envision how you will add value in the future to their organization.

Nationally certified resume writer, career marketing expert, and personal branding strategist, Michelle Dumas is the founder and executive director of Distinctive Career Services LLC. Through Distinctive Documents

How would YOU like to become successful?



Take some time, think hard and write down your list of how you want to become successful in life.If you know what success is, why have you not become successful yet? Yes, this is a very sensitive issue, and at times it hurts to face it. Why are certain people successful and others not? Is it something in our make-up; something in our genes that prevent us from excelling in life? Or is it something that we can change and turn around? Is it simply because you do not know how to become successful?It is true that certain aspects of our lives can't be changed and some aspects are awfully hard to modify. A person may have been born with specific disabilities that make it impossible to carry out certain actions. For example, although there are many blind people who can do amazing things without their eyesight, there are some actions and occupations where there is no substitute for proper vision, such as being a fighter aircraft pilot.Furthermore, a person may not have the talent to execute certain tasks well, although lack of talent did not prevent many persons to become successful. For example, there are a few international pop stars who do not have exceptional singing voices, but they make up for that deficiency in other areas, such as with amazing songs, on-stage presence, on-stage gimmicks, brilliant marketing, etc.

How to Write a smart Resume to Get the Job

If you're wondering how to write a resume to get the job, this article is for you. First of all, remember, your resume is a piece of paper that represents you. Now, that may sound simple and basic, even silly, but a resume really is your representative. It tells the hiring company how good you are and why you should be hired. It also helps the hiring company compare your skills with the skills of others who want the same job. Because of that you have to make your resume stand out. Your resume has to tell the hiring manager why your experience is exactly what they need.
When preparing to apply for a job, and wondering how to write a resume to get the job, remember that a resume is an opportunity to tell the hiring manager just how good you are. One of the quotes I believe in is: "If it's true it's not bragging". Each one of us has something we are good at. While you are, or were, on your latest job stop and think about what your job tasks included. Also, stop and think about what you were really good at. Now, stop and think about why you were considered "great" or "excellent" at that particular thing. If you are including that skill as a resume item then you should be able to answer "What did you do that makes you believe you were Excellent at that task?" You should feel comfortable writing down that you actually did certain things. Notice I said "did"... or "do", in the case of your current job. Do not write that you were "responsible" for any task. Being responsible doesn't mean that you actually did the task, or that you had the chance to be very successful at doing that task. After sharing what you did, you should write the benefit that your skills brought to your department and the company. That will help make the connection between your excellence at a task, the skill the hiring company is looking for, and how you will bring value to the hiring company.

Companies looking for a new employee have lots of resumes to review. This is why you need to know how to write a resume to get the job. Many times people will use computer programs to help them look for key words in a resume. With the computer they can narrow down the number of candidates for the job they're trying to fill. If a resume doesn't contain the exact key words and phrases as shown in the job description the resume will be rejected without ever actually being seen. Be very careful to review the job description and job posting to compare the wording in your resume with those two things. You don't want to miss the chance to interview for a job because of a computer not being able to read it correctly.
First, an effective resume should have a heading that contains your name, address, contact phone numbers and e-mail address. It should also contain the following categories: Objectives, Education, and Employment History - which includes the excellent job experience and accomplishments mentioned above - and any awards you may have received. The awards should be job related.
Second, there are many styles of resumes to consider. Different industries may be used to seeing one particular style, and you should do some research to determine which style will give you the best presentation. When you really think about how to write a resume to get the job you'll notice that there is more to writing an effective resume than just putting your name, education, and jobs on paper and submitting it.

Wednesday, December 2, 2015

Build a career planning tool box to achieve career success

We all have our favorite coaches, and if they coach our favorite athletic team, it’s a plus. Tom Landry tried to measure the character of his players. Vince Lombardi expected and achieved excellence. Dean Smith brought out the best in his players while playing within the rules. John Wooden spent extra time in designing the best practices possible. Superior coaching is about being our best and beyond.
A significant number of Coach Lombardi’s players, for example, achieved financial and personal success outside football. Coaching is about performance whether its career planning or on the athletic field. Effective career planning with an experienced job coach will help us get on the right career path to plan, manage and advance our career.
As a career planning guide the best coach to bring out your peak performance is the person you see in the mirror every morning. If you can’t pay for a personal career coach, or maybe there’s no one available or you aren’t ready, why not be your own career planning coach? Here’s a successful and winning game plan to follow:
1. Write out your Personal Career Planning Guide: Write out your career goals. Your career development plan should be specific and measurable. There is power in writing and planning your career goals. Put a copy up on your screen saver. Write out your career plan on 3×5 cards and place them where you can read them daily. Think about your career objectives and frequently bring them up to date. Celebrate whenever you reach a milestone. This step is the most important in your career planning tool box.
2. Focus on your Career Development: Eliminate distractions and keep your eye on your career goals. Life normally is full of frustrations and distractions. Successful coaches do not tolerate the things that drive most of us crazy – they take the time to stop, solve the problem and eliminate the distraction once and for all. Stay focused on your career plan.
3. Control your Surroundings: Top performers know that space management is as important as time management. They generally have neat offices, clean cars, orderly appointment books, and they plan for the unexpected, just in case. Make your space is as productive as possible and you can put your very best work.
4. Superior Performance Today: Don’t dwell on the past. It can’t be changed. Work your career planning strategy by doing your best today. Show up, be attentive, bear down and do your best. Your outstanding performance today will coach you to reach and exceed your future career plans. Many of life’s most important achievements are about doing a superior job right now, on the work that lies right in front of you. Dwelling on the big game next month will only cause you to lose focus on you career plans; the job in front of you is to get the most out of today’s work (practice) so when the big game arrives you’ll be more that ready to excel.
5. Build daily reading into your Career Plan: As part of your career plan, set aside some time to read something useful, motivating or fun every day. If you enjoy reading science fiction, for example, make a deal with yourself for every science fiction novel you read you’ll read two motivation or career related books. Plan on reading at least two books a month, build it into your career planning. Manage your other reading. Everything that comes across your desk or in your email does not have to be read. Use the delete button or the round file. You’ll now have more time to read something that advances your career plan. Reading will make a world of difference in coaching you to reach your career goals outlined in your career plan.
6. Make the time in your car Productive: During your commute or when you’re driving plan on listening to motivational, educational, learn a language, or just plain fun CD’s. The radio is wall to wall commercials or the latest murder and mayhem; not productive use of your time. You’ll be furthering your career plan by turning this unproductive time to into something useful. It’s always good career advice to surround yourself with the best information available.
7. Develop a Career Coaching Group: As you advance in your career you’ll come across people who can help you become successful. Stay in contact with them. Think of them as your “assistant coaches.” Run ideas by them, ask for their advice and be open to let them coach you.
8. Build Play and Fitness into your Career Plan: Get fit. Go for a long walk. Use the basketball hoop in the driveway. Have fun, laugh, enjoy the day with friends and family. Build play and fitness into your career plan. Be balanced in your career life planning. Don’t neglect the physical side of your career path planning.
10. Be Thankful of your Gifts: Look back on the past week. Ask yourself how many good days or events did you have in the past week. What made them good? Plan on doing more of the good stuff and less of the not so good. Be grateful and thankful to others. Practice a positive attitude.
Having a number of career planning guides like those listed above in your career tool box to assist you in your coaching will help keep you on your planned path. Having written career goals, with a career planning strategy and your books, CD’s, friends along with your routine will all help coach you to career success.
Search out the best resources you can find. Build your career plan into your daily routine. Overall your career planning should not be expensive and you’ll find it to be one of the best investments you’ll ever make. Coach yourself to success.

To Grow Out Of Unemployment

There is a connection between economic growth and unemployment. There is a connection between growth and inflation. Therefore, commonsense (and financial theory) goes, there must be a connection between inflation and unemployment. A special measure of this connection is the Non Accelerating Inflation Rate of Unemployment (NAIRU). Supposedly, this is the rate of unemployment which still does not influence inflation. If unemployment goes below NAIRU, inflationary pressures begin to exert themselves.
This is closely linked to the other concepts, those of “structural”, “frictional” and “conjectural or cyclical” unemployment types.
Some unemployment, the theory, goes is frictional. It is the inevitable result of a few processes:
Labour Mobility – People move from one job to another, either because they are fired or because they seek to improve their lot. In the intervening period between leaving an old workplace and finding another, they are unemployed.
Labour Force Expansion – Every year there are new entrants to the labour market. Generations mature and are ripe to be part of the labour force. Until they find their first job – these new participants are unemployed.
Seasonal and Part Time Employment – Some professions are seasonal by their nature (a hotel in a resort hotel, for instance). These workers join the ranks of the unemployed at certain times and desert them seasonally. Other workers prefer to work part time or in the “Grey” or “Black” economy. They go unreported or report themselves as unemployed, thus distorting the true picture of unemployment.