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Essay On Unemployment In Pakistan With Outline

When a person loses his or her job, there is often an immediate impact to that person's standard of living.Prior to the Great Recession, the average savings rate in the U. had been drifting down towards zero (and sometimes below), and there are anecdotal reports that the average person is only a few weeks away from serious financial trouble without a paying job.

That means these people are consuming far less than usual.If demand is stimulated too much, the main risk is rising inflation Full-employment does not mean zero unemployment!There will always be some frictional unemployment – it may be useful to have a small surplus pool of labour available.No longer There are always cyclical fluctuations in employment.If growth can be sustained it should be possible to create a steady flow of new jobs.However, the economic consequences can go beyond just less consumption.Many people will turn to retirement savings in a pinch, and draining these savings has long-term ramifications.Studies have shown that prolonged unemployment harms the mental health of workers and can actually worsen physical health and shorten lifespans.The social costs of unemployment are difficult to calculate, but no less real.There are always changes in the pattern of demand for different jobs – the labour force needs to be sufficiently flexible to deal and adjust to this.An economic recovery creates new jobs; the issue is whether people in the labour market have the right skills, qualifications and experience to take them – many training schemes lead to qualifications which don't necessarily help people back into work.

900 comments

  1. Unemployment carries many costs, both obvious and hidden, for an economy.

  2. Sep 2, 2015. Youth Unemployment. Funding for youth employment is just the start, there needs to be a focus on linking schools, universities and employers.

  3. Which economic policies can be used to reduce unemployment?

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