SlideShare uma empresa Scribd logo
1 de 5
Baixar para ler offline
Lack of economic opportunity and
unemployment
Introduction
Unemployment — and the lack of necessary skills for employment, particularly among
youth under age 25 — is one of the issues I hear about most as I speak with world
leaders, hotel owners and employees in the thousands of communities where Hilton
operates. It’s no surprise why: The Economist estimates that there may be as many as
290 million 15-to-24-year-olds not participating in the labor market. These 290 million
bright minds — a group almost as large as the U.S. population — could be making our
communities stronger and bringing fresh solutions to the world’s biggest challenges. By
failing to invest the time, energy and resources needed to help these young people
succeed, we’re jeopardizing the future of the global economy.
This crisis has many roots. In some countries, the reasons are cultural - for instance,
girls not receiving the same schooling or job opportunities. In others, they’re tied to
poor economic conditions or geopolitical issues like the refugee crisis.
There’s also a real skills gap. Even in developed economies, where enrollment in upper
secondary schools is often near 100 percent, nearly one in five students do not acquire a
minimum level of basic skills needed to be gainfully employed. And McKinsey reports
only 43 percent of employers can find enough skilled entry-level workers. Schooling and
technical skills alone aren’t enough; young people also need “soft skills” like
communication, problem-solving and cross-cultural competencies to be successful.
What is the effect of this issue?
Being employed is important for young people in order to feel accepted in the society,
therefore not having job can cause economic, cultural and social isolation. Moreover,
studies have found that youth unemployment has a negative effect on economic growth
and productivity. It doesn't only leads to reduced productivity and gross domestic
product (GDP) but also increases the economic costs for the state, since there are many
money to be paid on social benefits and less money coming from taxes.
Where is this happening?
The 20 countries with the highest unemployment rate as of 2015 are Zimbabwe,
Liberia, Burkina Faso, Cocoas Islands, Djibouti, Republic of Congo, Senegal, Nepal,
Gaza Strip, Bosnia and Herzegovina, Haiti ,Kenya, Syria, Swaziland, Marshall Islands,
Afghanistan, Grenada, Mauritania, Kosovo, Kiribati but it also happens in many
countries.
What causes unemployment
There are many reasons why someone who is able to and wants to work may be
without a job:
 Performance issues
If a person lacks the skills to perform their duties on the job, is tardy or absent
from work often, or is involved in personality conflicts with co-workers or
management, he or she may be let go from employment.
 Economic conditions
In a situation where a company needs to cut costs, it may decide to offer
employees an incentive to take early retirement or lay them off altogether. A
person on temporary layoff from work and waiting to be recalled back to work
can be considered unemployed.
 Mismatch between available workers and positions to be filled
When there are more workers available than positions to be filled, unemployment
rates for will rise. When there are positions waiting to be filled, but available
workers don't have the necessary training or skills to do the jobs, unemployment
rates will be higher than when there is a surplus of available job openings
compared to people looking for work.
 Lack of experience
Unemployment rates among young people tend to be higher than for other
segments of the population. This is due to a lack of experience which makes it
more difficult for them to find jobs, and they can't gain the practical experience
they need unless they can find someone willing to hire them.
 Voluntary unemployment
There are some people who are between jobs because of choices they have made.
They may have resigned from a job in anticipation of a move to another location
before they have another job lined up or be planning to return to school.
Consequences of Unemployment
There are several consequences of unemployment that you need to be aware of.
They range from those that affect the individual and his or her family to those
that have an impact on the economy as a whole.
A person who has recently lost his or her job may first be in shock at what has
happened. All of a sudden the individual doesn't have the regular routine they
had when they were working. Unemployed people may have concerns that their
current situation may mean that they will not be able to find another job. Mixed
in with the feelings of shock may be concerns about being able to meet their
financial obligations until they are able to find work again.
If the job search takes a long time or the person doesn't have savings or other
resources to tide them over until he or she is once again in the workforce, the
situation may be very stressful. In addition to going through the steps involved in
looking for work, the person must also try to find a way to meet current financial
obligations, often with very limited resources. Job loss can result in strained
relationships and increased stress for the unemployed person and his or her
family.
When there is work available but not enough trained personnel to perform it,
then productivity goes down. Companies may lose money because they are not
able to serve their customers properly. Their clientele will go elsewhere if they
feel that their needs are not being met. The workers that are employed at the
company may be overburdened from excessive employment demands, and be
prone to taking extra time off from work or burnout.
As you can see, understanding unemployment causes and consequences involves
more than looking at the individual who is between jobs. Unemployment has a
far-ranging effect on many parts of society.
How can we solve this?
We can solve this by ensuring political stability, controlling population growth in
a country, encouraging entrepreneurship (self-employment), improving standard
of education, building more industries so it creates more job opportunities,
saying "no" to laziness, trying to be creative and positively competitive and above
all, we must be positive minded in our goal to stop unemployment around the
world.
As we all know, unemployment has become one of the major problems our
society facing today. Graduates are jobless and undergraduates had lost hope.
Unemployment has posed a lot of problems in the world and has resulted to
increase in crimes in society. Look around you, the world is evil. Unemployment
has made people educated or not educated to direct their knowledge and skills to
a negative end. These are the consequences of unemployment. If the world must
reduce the rate of crime occurrence, then unemployment must be permanently
eliminated and this can only be achieved if the government and we, people work
harmoniously. In other words, all hands must be on deck to achieve massive
success in this problem.

Mais conteúdo relacionado

Mais procurados

Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...
Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...
Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...Choco Latte
 
Seminar reflection
Seminar reflectionSeminar reflection
Seminar reflectionNicole Colon
 
Pagsulat ng sanaysay
Pagsulat ng sanaysayPagsulat ng sanaysay
Pagsulat ng sanaysayAllan Ortiz
 
Questionnaire for research proposal
Questionnaire for research proposalQuestionnaire for research proposal
Questionnaire for research proposalkemakamal
 
Biographical Analysis: nalpay a namnama
Biographical Analysis: nalpay a namnamaBiographical Analysis: nalpay a namnama
Biographical Analysis: nalpay a namnamaflattsph
 
Teaching as your vocation, mission and profession
Teaching as your vocation, mission and professionTeaching as your vocation, mission and profession
Teaching as your vocation, mission and professionMa. Alice Patangan
 
Examples of quantitative research titles
Examples of quantitative research titlesExamples of quantitative research titles
Examples of quantitative research titlesschool
 
literature during martial law (by: ryan jay)
literature during martial law (by: ryan jay)literature during martial law (by: ryan jay)
literature during martial law (by: ryan jay)Ryan Jamisolamin
 
Questionnaire on the use of technology in the classroom
Questionnaire on the use of technology in the classroomQuestionnaire on the use of technology in the classroom
Questionnaire on the use of technology in the classroomangiegum
 
Neoliberal education in the philippines by manuel
Neoliberal education in the philippines by manuelNeoliberal education in the philippines by manuel
Neoliberal education in the philippines by manuelmanuel hidalgo
 
Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.
Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.
Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.Erniel Ecle
 
OJT Application Letter
OJT Application LetterOJT Application Letter
OJT Application LetterLady Lee
 
Parts of a research paper
Parts of a research paperParts of a research paper
Parts of a research paperAndrew Domingo
 

Mais procurados (20)

21st Century Literacy
21st Century Literacy21st Century Literacy
21st Century Literacy
 
Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...
Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...
Alternative Learning System by Phoebe W. Taruc, mission, vision, EFA goals, u...
 
Seminar reflection
Seminar reflectionSeminar reflection
Seminar reflection
 
Pagsulat ng sanaysay
Pagsulat ng sanaysayPagsulat ng sanaysay
Pagsulat ng sanaysay
 
Questionnaire for research proposal
Questionnaire for research proposalQuestionnaire for research proposal
Questionnaire for research proposal
 
Biographical Analysis: nalpay a namnama
Biographical Analysis: nalpay a namnamaBiographical Analysis: nalpay a namnama
Biographical Analysis: nalpay a namnama
 
Teaching as your vocation, mission and profession
Teaching as your vocation, mission and professionTeaching as your vocation, mission and profession
Teaching as your vocation, mission and profession
 
Concept Paper Best Examples
Concept Paper Best ExamplesConcept Paper Best Examples
Concept Paper Best Examples
 
Resignation letter
Resignation letter Resignation letter
Resignation letter
 
Examples of quantitative research titles
Examples of quantitative research titlesExamples of quantitative research titles
Examples of quantitative research titles
 
literature during martial law (by: ryan jay)
literature during martial law (by: ryan jay)literature during martial law (by: ryan jay)
literature during martial law (by: ryan jay)
 
Ponolohiya
PonolohiyaPonolohiya
Ponolohiya
 
Questionnaire on the use of technology in the classroom
Questionnaire on the use of technology in the classroomQuestionnaire on the use of technology in the classroom
Questionnaire on the use of technology in the classroom
 
Neoliberal education in the philippines by manuel
Neoliberal education in the philippines by manuelNeoliberal education in the philippines by manuel
Neoliberal education in the philippines by manuel
 
Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.
Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.
Talumpati tungkol sa Pangangampanya sa Pagka-pangulo.
 
Thesis Chapter 1 to 5
Thesis Chapter 1 to 5 Thesis Chapter 1 to 5
Thesis Chapter 1 to 5
 
OJT Application Letter
OJT Application LetterOJT Application Letter
OJT Application Letter
 
Ibaloi
IbaloiIbaloi
Ibaloi
 
Parts of a research paper
Parts of a research paperParts of a research paper
Parts of a research paper
 
Reapplication letter
Reapplication letterReapplication letter
Reapplication letter
 

Semelhante a Lack of economic opportunity and unemployment

Not Just A Paycheck By Film Review
Not Just A Paycheck By Film ReviewNot Just A Paycheck By Film Review
Not Just A Paycheck By Film ReviewKatrina Green
 
Globalisation And Globalization In Spain
Globalisation And Globalization In SpainGlobalisation And Globalization In Spain
Globalisation And Globalization In SpainLisa Kennedy
 
Unemployment Vs Poverty
Unemployment Vs PovertyUnemployment Vs Poverty
Unemployment Vs PovertyHeidi Barrera
 
Essay On Unemployment In Canada
Essay On Unemployment In CanadaEssay On Unemployment In Canada
Essay On Unemployment In CanadaDenise Enriquez
 
Causes Of Unemployment And Its Effects On The Health Of A...
Causes Of Unemployment And Its Effects On The Health Of A...Causes Of Unemployment And Its Effects On The Health Of A...
Causes Of Unemployment And Its Effects On The Health Of A...Veronica Padilla
 

Semelhante a Lack of economic opportunity and unemployment (20)

Unemployment Cause And Effect Essay
Unemployment Cause And Effect EssayUnemployment Cause And Effect Essay
Unemployment Cause And Effect Essay
 
Not Just A Paycheck By Film Review
Not Just A Paycheck By Film ReviewNot Just A Paycheck By Film Review
Not Just A Paycheck By Film Review
 
Essay On Unemployment Cause And Effect
Essay On Unemployment Cause And EffectEssay On Unemployment Cause And Effect
Essay On Unemployment Cause And Effect
 
Youthinnovators
YouthinnovatorsYouthinnovators
Youthinnovators
 
Synthesis Essay On Unemployment
Synthesis Essay On UnemploymentSynthesis Essay On Unemployment
Synthesis Essay On Unemployment
 
Globalisation And Globalization In Spain
Globalisation And Globalization In SpainGlobalisation And Globalization In Spain
Globalisation And Globalization In Spain
 
Cause And Effect Essay On Unemployment
Cause And Effect Essay On UnemploymentCause And Effect Essay On Unemployment
Cause And Effect Essay On Unemployment
 
Unemployment Vs Poverty
Unemployment Vs PovertyUnemployment Vs Poverty
Unemployment Vs Poverty
 
Macroeconomics Essay-Unemployment
Macroeconomics Essay-UnemploymentMacroeconomics Essay-Unemployment
Macroeconomics Essay-Unemployment
 
Causes Of Unemployment In Australia
Causes Of Unemployment In AustraliaCauses Of Unemployment In Australia
Causes Of Unemployment In Australia
 
Adult Unemployment Problem
Adult Unemployment ProblemAdult Unemployment Problem
Adult Unemployment Problem
 
Unemployment And Its Effects On Society
Unemployment And Its Effects On SocietyUnemployment And Its Effects On Society
Unemployment And Its Effects On Society
 
Unemployment
UnemploymentUnemployment
Unemployment
 
Problems That Young People Face
Problems That Young People FaceProblems That Young People Face
Problems That Young People Face
 
Essay On Unemployment In Canada
Essay On Unemployment In CanadaEssay On Unemployment In Canada
Essay On Unemployment In Canada
 
Unemployment Rate Among Black People
Unemployment Rate Among Black PeopleUnemployment Rate Among Black People
Unemployment Rate Among Black People
 
Causes And Effects Of Unemployment In Fiji
Causes And Effects Of Unemployment In FijiCauses And Effects Of Unemployment In Fiji
Causes And Effects Of Unemployment In Fiji
 
Causes Of Unemployment And Its Effects On The Health Of A...
Causes Of Unemployment And Its Effects On The Health Of A...Causes Of Unemployment And Its Effects On The Health Of A...
Causes Of Unemployment And Its Effects On The Health Of A...
 
Essay On Unemployment
Essay On UnemploymentEssay On Unemployment
Essay On Unemployment
 
Essay On Impact Of Unemployment On The Family
Essay On Impact Of Unemployment On The FamilyEssay On Impact Of Unemployment On The Family
Essay On Impact Of Unemployment On The Family
 

Último

2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources PresentationAdnet Communications
 
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Matthews Bantsijang
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxOffice for National Statistics
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingHenry Tapper
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...mwangimwangi222
 
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal.    .pptx20240315 _E-Invoicing Digiteal.    .pptx
20240315 _E-Invoicing Digiteal. .pptxFinTech Belgium
 
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...Antonis Zairis
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfAdnet Communications
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESKumarJayaraman3
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxsonamyadav7097
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Commonwealth
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 

Último (20)

2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation2024.03 Strategic Resources Presentation
2024.03 Strategic Resources Presentation
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
Remembering my Totem _Unity is Strength_ growing in Bophuthatswana_Matthews B...
 
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptxSlideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 18 March 2024.pptx
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
 
20240315 _E-Invoicing Digiteal. .pptx
20240315 _E-Invoicing Digiteal.    .pptx20240315 _E-Invoicing Digiteal.    .pptx
20240315 _E-Invoicing Digiteal. .pptx
 
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
 

Lack of economic opportunity and unemployment

  • 1. Lack of economic opportunity and unemployment Introduction Unemployment — and the lack of necessary skills for employment, particularly among youth under age 25 — is one of the issues I hear about most as I speak with world leaders, hotel owners and employees in the thousands of communities where Hilton operates. It’s no surprise why: The Economist estimates that there may be as many as 290 million 15-to-24-year-olds not participating in the labor market. These 290 million bright minds — a group almost as large as the U.S. population — could be making our communities stronger and bringing fresh solutions to the world’s biggest challenges. By failing to invest the time, energy and resources needed to help these young people succeed, we’re jeopardizing the future of the global economy. This crisis has many roots. In some countries, the reasons are cultural - for instance, girls not receiving the same schooling or job opportunities. In others, they’re tied to poor economic conditions or geopolitical issues like the refugee crisis. There’s also a real skills gap. Even in developed economies, where enrollment in upper secondary schools is often near 100 percent, nearly one in five students do not acquire a minimum level of basic skills needed to be gainfully employed. And McKinsey reports only 43 percent of employers can find enough skilled entry-level workers. Schooling and technical skills alone aren’t enough; young people also need “soft skills” like communication, problem-solving and cross-cultural competencies to be successful. What is the effect of this issue? Being employed is important for young people in order to feel accepted in the society, therefore not having job can cause economic, cultural and social isolation. Moreover, studies have found that youth unemployment has a negative effect on economic growth and productivity. It doesn't only leads to reduced productivity and gross domestic product (GDP) but also increases the economic costs for the state, since there are many money to be paid on social benefits and less money coming from taxes.
  • 2. Where is this happening? The 20 countries with the highest unemployment rate as of 2015 are Zimbabwe, Liberia, Burkina Faso, Cocoas Islands, Djibouti, Republic of Congo, Senegal, Nepal, Gaza Strip, Bosnia and Herzegovina, Haiti ,Kenya, Syria, Swaziland, Marshall Islands, Afghanistan, Grenada, Mauritania, Kosovo, Kiribati but it also happens in many countries.
  • 3. What causes unemployment There are many reasons why someone who is able to and wants to work may be without a job:  Performance issues If a person lacks the skills to perform their duties on the job, is tardy or absent from work often, or is involved in personality conflicts with co-workers or management, he or she may be let go from employment.  Economic conditions In a situation where a company needs to cut costs, it may decide to offer employees an incentive to take early retirement or lay them off altogether. A person on temporary layoff from work and waiting to be recalled back to work can be considered unemployed.  Mismatch between available workers and positions to be filled When there are more workers available than positions to be filled, unemployment rates for will rise. When there are positions waiting to be filled, but available workers don't have the necessary training or skills to do the jobs, unemployment rates will be higher than when there is a surplus of available job openings compared to people looking for work.  Lack of experience Unemployment rates among young people tend to be higher than for other segments of the population. This is due to a lack of experience which makes it more difficult for them to find jobs, and they can't gain the practical experience they need unless they can find someone willing to hire them.  Voluntary unemployment There are some people who are between jobs because of choices they have made. They may have resigned from a job in anticipation of a move to another location before they have another job lined up or be planning to return to school.
  • 4. Consequences of Unemployment There are several consequences of unemployment that you need to be aware of. They range from those that affect the individual and his or her family to those that have an impact on the economy as a whole. A person who has recently lost his or her job may first be in shock at what has happened. All of a sudden the individual doesn't have the regular routine they had when they were working. Unemployed people may have concerns that their current situation may mean that they will not be able to find another job. Mixed in with the feelings of shock may be concerns about being able to meet their financial obligations until they are able to find work again. If the job search takes a long time or the person doesn't have savings or other resources to tide them over until he or she is once again in the workforce, the situation may be very stressful. In addition to going through the steps involved in looking for work, the person must also try to find a way to meet current financial obligations, often with very limited resources. Job loss can result in strained relationships and increased stress for the unemployed person and his or her family. When there is work available but not enough trained personnel to perform it, then productivity goes down. Companies may lose money because they are not able to serve their customers properly. Their clientele will go elsewhere if they feel that their needs are not being met. The workers that are employed at the company may be overburdened from excessive employment demands, and be prone to taking extra time off from work or burnout. As you can see, understanding unemployment causes and consequences involves more than looking at the individual who is between jobs. Unemployment has a far-ranging effect on many parts of society.
  • 5. How can we solve this? We can solve this by ensuring political stability, controlling population growth in a country, encouraging entrepreneurship (self-employment), improving standard of education, building more industries so it creates more job opportunities, saying "no" to laziness, trying to be creative and positively competitive and above all, we must be positive minded in our goal to stop unemployment around the world. As we all know, unemployment has become one of the major problems our society facing today. Graduates are jobless and undergraduates had lost hope. Unemployment has posed a lot of problems in the world and has resulted to increase in crimes in society. Look around you, the world is evil. Unemployment has made people educated or not educated to direct their knowledge and skills to a negative end. These are the consequences of unemployment. If the world must reduce the rate of crime occurrence, then unemployment must be permanently eliminated and this can only be achieved if the government and we, people work harmoniously. In other words, all hands must be on deck to achieve massive success in this problem.