Youth Unemployment in Nigeria

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.

The largest cause of unemployment can be attributed to recession. The term recession refers to the backward movement of the economy for a long period. People spend only when they have to. (Nagle 2009). With people spending less there would be less money in circulation therefore, enterprises would suffer financially and people would suffer too. This is so because recession reduces the fiscal bases of enterprises, forcing these enterprises to reduce their workforce through layoffs. These enterprises lay off their workers in order to cut the costs they incur in terms of wage and salary payments.

Unemployment is one of the main financial complications in America today. Individuals who are measured as unemployed if the individuals is looking for work or laid off for more than a week. There are numerous diverse details why an individual could be jobless. Three of those causes are cyclical, structural and seasonal unemployment. The administration tries to find answers in order to decrease unemployment by making up guidelines.

In this kind of unemployment, people usually suffer from country’s economical situations. Even people with good and healthy jobs undergo with crisis and loss their jobs just because of country’s economic policies don’t adapt changes and don’t have ability to adapt changes.

Unemployment is seriously a big problem, because it threatens the unemployment people’s psychological and metal health. It can cause depression, anxiety, demoralization and low self-esteem, which all influence their health. However, the unemployment does not just affect the health, it is also influential to the human lives. When the rate of the unemployment

In the United States, nearly all of the citizens are trying to look online or the newspaper to find jobs, so they can’t get nutritious food, medical care, have warm clothing, and have a roof over their heads. Half of the unemployed people are homeless, they are going through the smelly, dirty trash bins to get food in their stomachs and also their kids (if they have any). They are live in small,brown, moldy cardboard boxes or sleeping wherever they can to survive. There are about 5.5 percent of people in America that are employed even with a college degree, however, “people who lack high school diploma or GED make up a quarter month 2014 to date” (Bolen). Unemployment is the one of the biggest poverty problems in America. But what is unemployment? Unemployment is described as when people are looking for job within the past four weeks and can’t find work, however, it can also mean an economic condition that is marked by the fact that individuals actively seeking jobs remain unhired (Unemployment Definition). Unemployment affects the United States economic system, and the society in this nation.

Everyone in this world needs to have job or money in order to survive. In the current situation, there are still tons of people all around the globe without a job and money, who struggles to live a healthy life. The person who is available for work, yet he or she does not have any opportunities is called unemployed. When we think of unemployment, we directly refer to a person without a job or “jobless”. However, we do not consider what were the causes of that situation? Or what was the result? Unemployment has always been a social scourge. It is crucial to understand the causes and effects of unemployment because it can happen to almost anyone in this globe. Also, it is equally important to resolve this issue before it rises at a higher level else it can lead to a rise in illiteracy, poverty, and underemployment. The population growth, technological advancement, job requirements, and economic loss have provoked unemployment and in turns unemployment has far ranging effects on society.

Unemployment has been a trend in past few years. The statistics suggests that the jobless rates are significantly higher than the opportunities at stake, and this has been the greatest downfall for the youngsters

Since the financial crisis in 2008, U.S. unemployment rate has been an issue of importance and public concern. Why? Because the unemployment reflects current economic situation and people’s well-being in general. In this analysis, I will briefly discuss the definition of unemployment and the impact of high and persistent unemployment. Then I will analyze the trend of U.S. unemployment rate of recent months. I will also discuss different theories that explain the current trend of unemployment, some concerns and implications regarding the unemployment rate.

The objective of this paper is to use the triangle model of social analysis to further analyze the issue of youth unemployment. After having a group discussion we have come to a conclusion that this model will allow us to get a deep understanding of the impact that social institutions have on our dominant ideologies and how they are framed through the influence of different institutions. Youth unemployment is an extremely important issue in today’s society and time because over the past decade, youth unemployment has been rapidly increasing and is starting to become a serious, economic and social problem for Canada and other industrialized countries.

Most children in the Niger delta have little or no education, due to lack of funds from their parents who have lost their lands and have no jobs because of limited opportunities. The Niger delta government and the oil companies have refused to look into the situation; instead they favor their close relations neglecting the masses. Corruption in the Niger delta has led some youths in taking drastic measure in order to put food on their table. For example, Ikechukwu Efe an indigene of the Niger delta said that some of his friends created their own “oil refinery”, which is made up of crude oil in metal barrels with controlled heat from fire woods. This is a dangerous process in refining crude oil but the degree of poverty in the state left his friends with no choice. If only the government of the Niger delta have created jobs with the wealth of the state Ikechukwu’s friend would not have to put their lives in danger. Until corruption is put to an abrupt the people of the Niger delta will continue to live in poverty.

The top causes are increased population, rapid technological change, . The various effects of unemployment include financial and social . Unemployment has become a major problem which affects our life, health, economy and community. So countries should build more companies and factories in order to provide more opportunities and positions to respond to the need of the increased population. Moreover, there should be unemployment insurance to help unemployed individuals in their financial problems till they find a job. It is important also to utilize the vocational education along with other skills courses' in order to prompt the education and skills of the workers to meet the labour market need. It creates negative affects to unemployed as they are jobless and suffer from worse prospects to find new job and those who are employed feel less secure to keep their jobs in future. However for overall development of economy, government and individuals has to take initiative steps in increasing the productivity and improving the standard of

Nigeria is as often as possible implied as the "Giant of Africa", inferable from its inconceivable people and economy. With around 184 million occupants, Nigeria is the most jammed country in Africa and the seventh most swarmed country on the planet. Nigeria has one of the greatest masses of youth on the planet.

The Nigerian economy has several activities sectors which include agriculture (crops), livestock, forestry, fishing, manufacturing, crude petroleum mining and quarrying, utilities, building and construction, transport, communication, wholesale and retail trades, hotels and restaurants, finance and insurance, real estate and business services, housing, producers of government services and community, social and personal services. However, with the advent of the crude petroleum sector and its attendant boom in the international market, all other sectors of the Nigerian economy have experienced serious neglect by the government, thus resulting to an unbalanced economy.