Question

Explain the following concept with examples.

Unemployment

Answer 1

• When one refers to people who are unemployed, it is almost always in the context of who is employed. Also, the convention is to focus on the age group between 15-59 years. The term unemployment is used to refer to “people who are jobless, actively seeking work and available to take a job”.
• According to The Periodic Labour Force Survey (PLFS) of the National Sample Survey Office (NSSO), unemployment in rural India was 5.3% and urban unemployment was 7.8%. On the whole, unemployment in the Financial Year 2018 stood at 6.1%.
• According to NSSO, an unemployed person is one who puts in less than 14 hours of paid work in a week. Disturbances in the global economy, like periodic industrial recessions are one of the causes of unemployment. For example, tourism, shipping, information technology, education, construction, textile industry etc.
• Factors responsible for unemployment is Inadequate skills, Frequent shift in jobs, Changing economy, Seasonal shift, Gap in demand and supply.
• Measures to Tackle the problem of Unemployment are Educational change, Skill Development, Vocational Training, Industry-Education symbiosis, Entrepreneurship and Self Employment.