Youth Unemployment Free Essays - PhDessay.com.
The essay aims to discuss the three main reasons of unemployment in South Africa. In addition, it seeks to find out the solutions to prevent the progression of unemployment scenarios in the country. One of the main reasons is the political instability because there are numerous groups who are now influencing lawmakers to start creating a chaos within the legislative division of the country.
Youth unemployment has increased by 30% across the OECD, and in Spain it has doubled to 20% as proportion of the youth population. In the developing world, meanwhile, a second contributory factor is that many countries with fast-growing populations also have inefficient labour markets.
Among the mechanisms which produce that result are improvements in unemployment compensation and other benefits enacted in response to higher unemployment, loss of on-the-job training and employability by the unemployed, defections to the informal and illegal economy, and a slowdown in capital formation as business firms lowers their estimates of needed capacity.”.
The most critical issue affecting Nigeria and Nigerians today is the issue of unemployment and subsequently the problem in the future of unemployment is with current levels of youth unemployment in Nigeria (Bakare, 2013)Bakare states that World Bank statistical data list Nigeria’s youth unemployment rate at 38% (Bakare, 2013) but Bakare believes the real rate of Nigerian youth unemployment.
This article explains how youth unemployment in the European Union (EU) and its Member States is measured and how youth unemployment rates are affected by the transition of young adults from formal education to the labour market.Two factors are particularly relevant. First, the majority of 15-19 year olds are predominantly in formal education and there is a steep rise in participation in the.
The youth unemployment rate is the number of unemployed 15-24 year-olds expressed as a percentage of the youth labour force. Unemployed people are those who report that they are without work, that they are available for work and that they have taken active steps to find work in the last four weeks.
Unemployment Among the Youth Essay Youth Unemployment South-Africa is currently struggling with a large unemployment amongst the youth. The National Development Plan has identified a number of policy interventions to improve youth employment.