Unemployment in India

This, in turn, causes economic and job opportunities to be more available to

The unemployment rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. Unemployment is termed as a major health of the economy and every country tries to reduce unemployment rate for sustainable growth. It is referred as the number of unemployed workers divided by the total civilian labour force. Every economy tries to ensure full employment in the country but there is the existence of natural rate of unemployment though nation tries hard to obtain full employment in the country.

This article is related to macroeconomic which examines how the economy functions and its performance. Unemployment as a whole is related to macroeconomics. There are many reasons as to why a person could be unemployed. He or she could be retrenched, fired or still be looking for a job. However, if

A condition that has existed since the beginning of commercialization, unemployment has been in our history since its monumental recognition in 1929. The Great Depression is really when unemployment became a real issue and its highest peaks where between 1932 and early 1933 when the average rate of unemployment was 24.9%. Fast forward almost 80 years and unemployment is still a political issue whose rate has experienced a roller-coaster ride of highs and lows. Unemployment has many forms, but it is technological unemployment, that is a crisis which if declined will lead to an excellent and a benevolent rise to our nation’s economy.

Second, having so few employers and jobs available in Indian Country leads to high unemployment rates. And, third, the absences of thriving economies, characterized by a sufficient number of privately and publically owned businesses in Indian Country, adds to the impoverishment of Indians and their families.

There are many different age brackets, genders, and ethnicity that make up unemployment in the labor force. Some of the same people who were once in the labor force also make up the workers who are not counted in the labor force anymore. Unemployment is important to the economy and the society that we live in because the more people without any jobs and/or not having a legitimate source of income will increase crime, poverty, political unsteadiness, downgrade health standards, and mental health problems. Unemployment can also cause underemployment which is not good for the economy. Underemployment, in one of its usage, is defined as the employment of

Before one can understand the various components of unemployment it should first be understood what exactly unemployment is. Unemployment is defined as people who are currently not employed, available for work and tried to find a job within the last 4 weeks. (Makiw 299). This means that not all people without a job are necessarily considered unemployed. Workers without a job who are no longer searching for a job fall into the category of discouraged workers. This group of individuals is not included in the figure for finding the unemployment of a

Economic growth positively produces more jobs and a strong level of economic growth can help individuals who are willing to find employment. Countries

In comparison to Australia, India’s unemployment rate is 3.46% (2016). Unemployment is a social issue in India. India is focused more on primary, secondary sectors which is different compare to Australia due to difference of

There are many policies that have been put in place to try and prevent long term unemployment, especially in the areas of education, disadvantaged areas and disadvantaged individuals. The social welfare has also improved from previous years to make sure that people who are long term unemployed are not living in poverty. With regards to education people can no longer afford to leave school early, and they also cannot be guaranteed and full time job. Currently, if you want to avoid long term unemployment education play's a very important role. According to Considine and Dukelow (2009) "in the current era, brains and intelligence count most in what is regarded as human capital" (Considine and Dukelow, 2009, p. 296). Educational disadvantage could

There are plenty of jobs available in the United States. The fact of the matter is, most are low paying jobs and people with years of work experience and college degrees are not willing to accept those jobs at first. The reality is most people have to start at the entry level and work their way up, unless they have good connections or it is a family owned business in which they do not have to worry about competing for promotions. Unemployment Rate in the United States averaged 5.82 percent from 1948 until

The second statement, Kripalani used the loaded language and comparisons, “Just as jobs are a crucial issue in the upcoming U.S. election, jobs are an issue in India, too” (Kripalani, 2004). The loaded language and comparisons are used to make the readers beliefs and feelings affected by what it is compared to. It is a type of association to an issue that they also have to deal with on a personal level. This will also try to clarify the claim that is made by Kripalani in her article. This statement is effective in the persuasion on the sheer fact that many countries in 2004 were in fact feeling the economic issues. Even if this statement contains truth to the times, it is can be considered a group ambiguous statement as it is made to a group of readers. Do to the world wide economic constraints there is no reason that India was not also affected by the down turn in the employment statistics. An upturn and a light to the change for the economy came when there was the first multinational government contract to have Hewlett-Packard and Microsoft join forces with an India based company (Kripalani, 2004). The validity of this argument can be verified in the Bloomberg View article by Chandrahas Choudhury that states “The malaise is particularly serious in the manufacturing sector, which shed as many as 5 million jobs between 2004 and

There are three types of unemployment which includes frictional unemployment, structural unemployment and cyclical unemployment. Frictional unemployment defined as a worker who is moving or changing from one job to another job due to skill matching problem, unsatisfied payment, work place, work time or other factors the workers voluntary required to find an others job. Cyclical unemployment defined as workers

This can be measured by the following formula; Per capita nominal GDP = Nominal GDP / Population, Per capita real GDP = Real GDP / Population. Seven factors determine economic growth. Natural resources such as land, mineral deposits, waterways; climatic conditions provide an essential foundation to economic growth. Combined with the other resources of capital, labor and enterprises, natural resources can be developed and organized to increase the productive capacity if the nation. Consequently the quality and size of the labor force is a major determinant of economic growth. Education and vocational training are essential the growth potential of a nation. The promotion of education and job training schemes increase the knowledge, skills and flexibility of the workforce that contributes to potentially higher levels of productivity and efficiency. Whether from natural increase or immigration population growth can cause a higher level of economic growth. An increasing population requires increased public spending on housing, education and other social needs while businesses expectations of

In the current world, there are many social issues such as vandalism, racism, obesity and prejudice. However, unemployment has become the most histrionic one. Unemployment is both a social and an economic condition. Unemployment is the state where individuals seeking jobs remain un-hired. Unemployment is a global reality where both the developing and developed countries suffer from it. As time goes the condition of unemployment is being worse. Unemployment has become both a social development and a global economic threat. According to the International Labor organization (ILO) report released in 2007, more than one people are working on low wage or are underemployed, as another 178 million is unemployed (Assaad & Roudi-Fahimi, 2007). In 2009 the number of unemployed people increased to 212 million. There are many causes that have contributed to unemployment. Some of the key concerns of unemployment are increase in technological change, population increase, increasing cost of items and lack of education. This essay aims at discussing some of the major causes of unemployment and connects them with certain long lasting effects such as psychological, financial and social problems.