Why is unemployment rate so high?

[Muhammadawais]

The cost of unemployment is insufficient schooling and a lack of competitiveness. With decreasing educational levels, wages rise progressively; and the teacher education does not generate skills for the labor market. The availability of labor is influenced by the rise in the number of job seekers over the years.

 

[Eodine]

Even the few government intervention in N-power, N-Agric and all that, many just sign up to collect the monthly 30k without any interest in the skill acquisition intended by the government. All the youths want is just free cash as if that is their right and not work

I still don't understand why youths I the country still have the mentality of expecting too much from other people. So if the government refuse to help would you still wait for the government, would you wait for them for your daily expenditures?

 

[gbadebo9]

Poverty is high that is why unemployment is at high side. The rate at which the unemployment in our country is on high side as a result of deliberate effort by the ppl in the government to perpetually put citizens on abject poverty. Last year our country was tagged as poverty capital of the world therefore the government need to do a decisive work to arrest the tide of poverty vin our which subsequently lead to massive unemployment. The private sector that is compliment the government in provide job for also experience a lot hardship in getting necessary raw materials which happened to be on hindside.

 

[Bkoks]

Unemployment rate in nigeria is very high because we have incompetent humans as leaders of the country. They have not provided job opportunities for citizens of the country. The economic value of the country too is also low and it is affecting the country also .

 

[Waqas wajid]

Unemployment is rising at the same rate as the world's population is growing. One of the causes of unemployment is the corona virus. The corona virus has destroyed the world's economy.Many people have had to close their businesses and go home. Most of the people will lose their jobs.All these reasons are the cause of unemployment. This is the reason why unemployment is increasing in the country. Man is also longing for bread.

 

[Makorlly]

looking at the reason unemployment rate is so high, it was because there is a reasonable slack in he exonmy

 

[Halexcity]

Unemployment rate is increasing because firstly government are not ready to help in my country, secondly some people have this innovative but no capital to start and those that have the capital are not innovative.

 

[singlej007]

Unemployment is so high because of many reasons, but majorly our government has the highest blame, because they refuse to create job, all they do is to steal our country resources to other countries and send their kids abroad.

 

[Judee201]

(1)high Rate Of Unemployable Graduates:do You Know That 70% Of Graduates Of This Era Are Unemployable? This Is Down To Various Reasons,which Go from Laziness,to Wrong Altitude To Work,egoism(lack Of Readiness To Start From Somewhere) Etc Do You Even Know That 70% Of Annual Graduates Cant Defend There Certificate Independently.The Fact Is,many Are Job Seekers,but Few Are Employable.
(2)unfavourable Government Policiesur Leaders Ranging From The President To Lg Councilors Are Doing Virtually Little Or Nothing To Create Jobs.The Catalyst Is The Fact That There Policies Is Discouraging And Driving Away Enterpreneurs From In And Outside The Country To Invest In Nigeria.Mediocrity Is What Is Being Daily Celebrated In Nigeria Instead Of Meritocracry.Square Pegs Fixed In Round Holes.Unqualified Hands In Charge Of Work Creation.
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(1)high Rate Of Unemployable Graduates:do You Know That 70% Of Graduates Of This Era Are Unemployable? This Is Down To Various Reasons,which Go from Laziness,to Wrong Altitude To Work,egoism(lack Of Readiness To Start From Somewhere) Etc Do You Even Know That 70% Of Annual Graduates Cant Defend There Certificate Independently.The Fact Is,many Are Job Seekers,but Few Are Employable.
(2)unfavourable Government Policiesur Leaders Ranging From The President To Lg Councilors Are Doing Virtually Little Or Nothing To Create Jobs.The Catalyst Is The Fact That There Policies Is Discouraging And Driving Away Enterpreneurs From In And Outside The Country To Invest In Nigeria.Mediocrity Is What Is Being Daily Celebrated In Nigeria Instead Of Meritocracry.Square Pegs Fixed In Round Holes.Unqualified Hands In Charge Of Work Creation.

 

[Makorlly]

Unemployment is referred to as joblessness, it is when people are without work and are actively seeking employment. During periods of recession, this is when an economy usually experiences high unemployment rates.

 

[Patrik]

that could be from different reasons that exist, one of those reasons would be lack of qualification, some people think that by having a diplomat or a degree would find a job real easy when they forget that almost only qualified people get a job, and other economical reasons for sure

 

[Michaellee]

Well I believe the cause of high rate of unemployment is because the system of government is not working. No provision of jobs for students graduating very year, federal and state jobs is in possible to get because man know man.

I believe its lack of new inventions. If we start creating jobs for ourself, the rate will be very low .or rather if the government can build facilities where people can work it would be great. And they can also help by empowering people with skills to continue there jobs

 

[Kunkun]

There can be so many reasons why unemployment rate could be high, a bad government setting can be a factor and the economy of the country too. A country without plans would have a hard time providing employment
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There can be so many reasons why unemployment rate could be high, a bad government setting can be a factor and the economy of the country too. A country without plans would have a hard time providing employment
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There can be so many reasons why unemployment rate could be high, a bad government setting can be a factor and the economy of the country too. A country without plans would have a hard time providing employment

 

[maventiger]

There is no way it won't be like that. the youths of nowadays have all picked interest in looking for a white collar job whereas there are none. this is the time for everyone to try as much as possible to establish one or two things. being a job creator and not a job seeker goes a long way in helping one's country so much.

@Olubayo12 the increase in rate of unemployment further increases the crime rate of any country facing the problem of unemployment. To curb crime rate in most developing countries, it is important to reduce unemployment rate.

 

[Muhammad Arslan]

In recent years, the economics of work have changed. The New Economy is an economy based on abundance, not scarcity. Millions of jobs are up for grab on daily basis. Everything is now online. Everything has changed; Many own an online business with no physical office, some work for multinational companies at the comfort of their homes as a content creator, copywriter, deal expert and many more. Pick your battle wisely.

It is important to Invest in your knowledge, and most importantly, you shouldn’t be at home unemployed

 

[jay]

For the last decade, check the population and at the same time, tally it job opportunities being created, you will out their relationship is inversely related. This is the major factor.
Also technology is advancing and human labour need keeps diminishing.

 

[Lawal]

Unemployment rate is higher in my country because we have bad governance to don’t care about graduates in the country,they are only conside about how they are going to take way the the money of the country they don’t care about their people at all, more also the country is underdevelopment country so it normally that unemployment will be high

 

[Kelly5]

Unemployment rate is getting so high and will still even much more high because the means and enabling environment needed to create jobs are not just there or not readily made available to create these jobs we're talking about.

 

[Cybersec]

Every year is million of students are graduating but the job that available is not even up to a 4%, now tell me how the unemployment will be increasing. If not online business that is helping many people to earn as much as a little it may be. The only thing I can say is that everyone should build something out of their selves.

 

[Keibah]

This is because there isn't any job creation going on. Also, people who have reached the age of retirement fail to do so leaving no spot for the younger ones. Plus we have a booming population that is growing exponentially.