Seminar paper from the year 2013 in the subject Economics - Job market economics, grade: 1,7, Heriot-Watt University Edinburgh (School of Management and Languages), language: English, abstract: Considering the ILO reporting 6.00% unemployment rate for the world in 2012 (ILO Report 2013), it is obvious that unemployment is a commonly observed phenomenon. Chart 1 displays the devel-opment of the une...