Unemployment Colloquium

An economic condition marked by the first individual actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economic conditions and other circumstances.

Rising unemployment and the recession have been the price that we've had to pay to get inflation down: that is a price well worth paying.( Norman Lamont (1942 - ))Varsity of crimes enrol in our society, individual idleness devoted in evil manipulation, economic meltdown and lack of industrial manpower , which are also cause recession on economic programs.

However, according to Business Dictionary, unemployment is the total number of able men and women of working age seeking paid work. Unemployment in Nigeria is one of the most critical problems the country is facing. The years of corruption, civil war, military rule and mismanagement have cause economic down-slope of the country. Even though the country was blessed with enough human and resource material.

Furthermore, unemployment occur when people are without work and actively seeking for job. The unemployment rate can be defined as the number of people actively looking for job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employees people starting to look for jobs, of employed who lose and look for new ones and people who stop looking for jobs. As per the report of World Bank, GDP at purchasing power of Nigeria was $170.7 billion during 2005. 

Unemployment in Nigeria is a major problem both economically and social. In Nigeria has resulted in more and more people who do not have purchasing power. Less consumption has led to lower production and economic growth has been hampered. It increases the crime rate. The secondary school graduate consist of the principal fraction of unemployment accounting for nearly 35% to 50%. The rate of unemployment within the age group of 20 to 24 years is 4 % and between 15 to 19 is 31%. Unemployment rate in Nigeria increased to 23.90% in 2011 from 21.10% in 2010. This was reported by the national bureau of statistics.

Also causes of unemployment in Nigeria cannot be over emphasis. Unemployment is caused when someone is laid off, fired or quits his or her job and start looking for new one.

Similarly, it can be caused by the use of computers, machines or robots in an industries which therefore replace human efforts. And listed below can still cause unemployment in our country;

·         Rapid changes in technology

·         Recessions

·         Disability

·         Employees values

·         Attitudes towards employees

·         Discrimination. Etc.

Moreover, unemployment in Nigeria can be cubed if federal and state government listen to the masses who seek for jobs that they are qualified to do. And also the type of graduates from our universities is nothing to write home about, what a situation where an accounting graduates cannot plot single column cash book or a teacher who cannot make a lesson note for his students, the government should check the grass root of education and fix it the way it should be for effective learning.

Finally, government to should provide enough job opportunities to the youth who are capable or work and encourage institution of learning of entrepreneurship in our schools and colleges so that an individual can be self-employed if there is no place of work for him.

The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it; if it fails, admit it frankly and try another. But above all, try something. (Franklin D. Roosevelt (1882 - 1945))

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