Strategies for Resolving Unemployment Issues
One of the main issues facing the modern world is unemployment. Many people struggle with unemployment. Following are the steps to address the issue of unemployment:
1. Change in Industrial Technique
A production technique centred on the requirements and resources of the country should be implemented to address the issue of unemployment. Work-intensive technology needs to take the role of capital-intensive technology.
2. Managing Seasonal Unemployment
Work in the agro-based and agricultural sectors is only available during certain seasons. It is recommended to implement strategies such as plantation horticulture, multi-cropping, animal husbandry, and horticulture. Also, sectors like the cotton industry need to be supported.
3. Education System Changes
The current system of education has to be modified. Instead of delivering academic knowledge, it should place more of an emphasis on vocational education. Students who want to pursue higher education should have access to colleges and institutions.
4. Support for Self-Employment
The majority of people work for themselves, but sadly, their lack of professional expertise prevents them from achieving the intended outcomes. As a result, providing technical instruction and appropriate raw material use should assist them.
5. Introduction of Fresh Policies by the Government
To improve worker productivity and create more chances for employment for all, the government should take the lead.
What is Unemployment Rates? List of Highest Unemployment Rate Countries
The unemployment rate is defined as the percentage of people in the workforce who are unemployed. The formula for calculating the unemployment rate is to multiply the total labor force by 100 and divide the number of jobless people by that amount. The national unemployment rates of a large number of countries throughout the world are continuously calculated and recorded by organizations like the World Bank, the International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). The unemployment rate is likely to increase when the economy is struggling and there are few jobs available.
In this article, we will look into the various aspects of unemployment, and the unemployment rate, covering its types, causes, and effects. We will also look into the unemployment rate in India and the list of countries with the highest unemployment rates and discuss some strategies for resolving unemployment issues.
Table of Content
- What is the Unemployment Rate? Formula of Unemployment Rate
- List of Countries with the Highest Unemployment Rate in 2023
- Unemployment Rate in India
- What is Unemployment?
- Types of Unemployment
- Causes of Unemployment
- Effects of Unemployment
- Strategies for Resolving Unemployment Issues
- Conclusion – Unemployment Rates
- UPSC Prelims Previous Year’s Questions on Unemployment Rates
- FAQs on Types, Causes and Effects Unemployment Rates