Why is unemployment rate so high?

[Olaoluwa Abraham Abiodun]

Low consumer demand creates cyclical unemployment. Companies lose too much profit when demand falls. If they don't expect sales to pick up anytime soon, they must lay off workers. The higher unemployment causes consumer demand to drop even more, which is why it's cyclical.

 

[Sheun450]

Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of ... Demand-side reductions may be caused by high interest rates, global recession, and financial crisis

 

[Shahid]

According to my opinion look into the nature of the unemployment that remains when labor markets are reasonably tight and the economy seems to be at full employment. Most of my data are observations on individuals, collected in a variety of surveys, rather than macroeconomic aggregates.

 

[Koredsman]

Over population causes unemployment at times.
And then most people are waiting for government job and not all can do government job..
So we need to work on ourselves so as to reason on what to do to bring money for you

 

[kayode10]

It's is the duty of the government to tackle the issue of unemployment head on. High institution of learning is turning graduate out year in year out and their little company to absolve them. The government are not helping the matter and their are not creating enabling envelope for business to flourish. There are insecurity in the country and this repel the foreign investor from start a business. The foreign exchange is not which force lots of local company to fold up and create more unemployment.

 

[Victor001]

Every year we churn out new graduate set without making necessary provision for the upcoming set, everybody cannot be a marketer, who will patronize who. There is need to find a balance to the inconvenienc of unemployment.

 

[Caali]

The health and well being of the business of business. Jobs are totally dependent on enterprises in business to make money while providing goods and services that consumers want.

 

[sam386150]

Unemployment rate high because of poor economic in the country, it is high because millions of student graduated every year, lack of economic empowerment by the Federal government to the state , unemployment rate will still go high because our government focus on themselves and their family alone.

 

[Edward2]

Cyclical unemployment is created by low market demand. When demand falls, companies lose so much profit. They have to lay off staff if they don't expect sales to pick up anytime soon. Higher unemployment triggers even further declines in market demand, which is why it's cyclical.

 

[Kiko]

The causes of unemployment in high-income countries of the world can be categorized in two ways: either cyclical unemployment caused by the economy being in a recession, or the natural rate of unemployment caused by factors in labour markets, such as government regulations regarding hiring and starting businesses. Addressing the natural rate of unemployment is straightforward in theory but difficult in practice.

 

[Suba]

Everyone shouldn't be unemployed at home (disguised unemployment), do whatever it takes to get money, use all the skills we have, but we can't be con artists, because we hurt other people. I think trading is the right job to fulfill the necessities of life, or trading for living.

 

[Apollo]

With the current population explosion, which is not accompanied by a corresponding increase in companies or jobs. it is no news that there has been massive increase in the rate of unemployment.
This is not helped by the fact that technological development is on a rapid rise. Many industries now use automated processes and robots to ensure increased output. Factors such as this only leads to increase in unemployment.
Also, lack of 'know-how' to survive this digital economy is also a source of unemployment . Many people do not purpose requisite knowledge and skills to survive the harsh economy.
Hence , the question now should be, 'how do we reduce the rate of unemployment'.

 

[Setfragil]

Unemployment is so high because of the effects of coronavirus ravaging the country. Most businesses were forced to either shutdown or downsize their staff. Bad government policies and corruption especially in Nigeria are also some of the reasons many young people are out of job.

 

[Abu4exel]

There will be unemployment, when our government doesn't have the citizens at heart. They don't create jobs, how will there be employment. Every rich men are embezzling money in any position he or she is. So, it because there is no inveat

 

[QalabDogar1906]

Low consumer demand creates cyclical unemployment. Companies lose too much profit when demand falls. If they don't expect sales to pick up anytime soon, they must lay off workers. The higher unemployment causes consumer demand to drop even more, which is why it's cyclical.

I think the main reason of unemployment is that because of shortage of job, people do not have any jobs , therefore unemployment increases and continuing of people's are increasing day by day . So we should control the unemployment by giving jobs to our young youth

 

[Rameez0007]

One reason for joblessness is intentionally leaving the labor force. A portion of the jobless have set aside sufficient cash so they can stop unfulfilling occupations. They have the privilege to look until they find the perfect chance.

 

[marky]

Consistently is million of understudies are graduating however the work that accessible isn't even up to a 4%, presently disclose to me how the joblessness will be expanding. If not online business that is assisting numerous individuals with acquiring however much a little it could be. The solitary thing I can say is that everybody should assemble something out of their selves.

 

[Highflyer]

Unemployment rate is so high because most graduates are just job seekers but can't create jobs for themselves, the number of graduates also turned out each year is massive compared to the job openings in the market. The government should look into empowering the Youths.

 

[Taimoor Jutt]

Yes very good, unemployment is because of too much population, now no new government institute establish so no hundreds of vacancies come for unemployed persons, but now in my country students are too much but not a good jobs or vacancies for them

 

[zahidhussain]

Yes very good, unemployment is because of too much population, now no new government institute establish so no hundreds of vacancies come for unemployed persons, but now in my country students are too much but not a good jobs or vacancies for them

Unemployment is a big problem in every country.Government have ppolicy to give the job of educated people.Already unemployment is big problems but also covid19 is effected a large number of people.Government should make a plan to reduce this problem