Unemployment Essay

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Unemployment

unemployment

Definition
An   economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the   total available   work forceThe level of unemployment varies with economic conditions and other circumstances.
Unemployment is a central problem of Pakistan because when unemployment is high, resources are wasted and people's incomes are depressed; during such periods, economics distress also spills over to affect people's emotions and family lives. The socio economics system of Pakistan and institutions has failed to provide employment to the increasing labor force. Labor force include all persons who are of ten years and above , and during the period are without work, currently available for work and seeking for work. About 2.4 million persons of labor force were estimated as unemployed in 1999, as construction and transport sectors have an absorbed 11.2 percent, 6.8 and 5.7 percent as compared to 10.5percent, 7.2 and 5.0 percent respectively in 1994-1995.

CAUSES…

There are a number of causes of unemployment in   pakistan.The most important of these causes is a non stop increasing population. Deteriorating   law and order

situation has slowed down the tempo of economic activity. Karachi is the biggest industrial base of our country. But investors are reluctant to invest there because of continuous unrest and violence.

Our educational system is also responsible for the high unemployment rate among the educated youth. The attitude of our youth towards the choice of a career

is also unrealistic and unproductive. They want to get only some white-collar job. Rapid mechanization and computer technology

are also causing unemployment.

Unnecessary and frequent strikes in factories have compelled the owners to go for automation and such technology as requires less manpower. Lack of infrastructure facilities, especially in the field of energy, telecommunication and...

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