When we talk about development, education is the major factor and has a direct or indirect influence on other factors as well. And the answer is because of unemployment. Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. A widespread phenomenon which came into existence is educated unemployment or graduate unemployment. A college graduate actively is not able to seek job due to lack of opportunity is termed as graduate unemployment. The US recession in is considered to be the prime reason for the higher unemployment rates of the developing countries, specifically the graduates.
Essay on Unemployment, Its Causes and Solutions
Causes of Unemployment Issue in Malaysia Free Essay Example
Unemployment means a situation in which youth who are employable want to work but they do not get work. According to the data released by the Ministry of Labor , about 7. According to the National Sample Survey , the total number of workers in the Indian economy in was One of the studies says, the Unemployment Rate in India has reached an all-time high of
Problem of Educated Unemployment : Meaning, Causes, Solution (Essay)
The growing unemployment rate is a serious challenge to the economy and socioeconomic stability because the growing unemployment rate aggravates the economic situation. Even though unemployment is not the cause of economic recession or deterioration of the economic situation, it still aggravates the economic situation considerably. The unemployment rate, in its turn, depends on the economic situation. Therefore, there is a vicious circle, where the deterioration of the economic situation provokes the growing unemployment rate, while the growing unemployment rate aggravates the economic situation even more.
Due to this fact, Many may ask what causes unemployment and what programs counter this problem. This essay will cover three points. What is unemployment and what causes it to rise or fall? He or she is considered unemployed. If we look at this issue in general as a worldwide problem, unemployment is a vastly growing issue worldwide.