Causes Of Unemployment And Its Effects On The Health Of A...

Employment is an activity or the like that occupies a person s time. Unemployment on the other hand can be simply defined as when a person in search of â€Å"employment† or â€Å"job† is unable to find employment or work. It is also said to be when an individual of working age seeking a job is unable to obtain any. Unemployment is a criteria used to diagnose the health of a country’s economy health. It is a big challenge the country Nigeria has battled with for years now and has maintained a rising trend over the years. The standard of living of Nigerians deteriorate more every passing day, week, month, and year due to the rapidly increasing rate of unemployment in Nigeria. There are various causes of unemployment in Nigeria such as; Low standard of education, corruption, lack of steady power supply, high rate of tribalism, total neglect of the agricultural sector, lack of skills, poor morals, poor planning by the government, poor mechanisation, fraud, war and the list goes endless. All these points affect the countries employment rate in many ways than we know it. The case of low standard of education can be considered the key factor responsible for unemployment in the sense that, the educational system of Nigeria is a mess and at a state of chaos and disaster due to factors like; malpractice and insufficient funding etc. Seeing that the world is developing into a global community, many jobs today require some what level of education ranging from first school leaving certificateShow MoreRelatedA Brief Note On Unemployment And Its Impact On The Economy958 Words   |  4 PagesIntroduction Unemployment is a global issue considering its overall impact on the economy. The main purpose of the analysis is to identify and analyze the causes and effects of unemployment in the global economy and provide possible solutions for it. By definition, unemployment occurs when a person who is actively searching for employment is unable to find work. It is often used as a measure of the health of the economy. The most common measure of unemployment is the unemployment rate. II. KeyRead MoreThe Economic Impact Of Syrian Refugees On Domestic Economies1616 Words   |  7 Pages The Economic Impact of Syrian Refugees on Domestic Economies Josh Devou Thomas College EC 212 Macroeconomics Professor Leland March 13, 2016 Abstract The Syrian refugee crisis is a complicated issue that could be broken down into many different subcategories: humanitarian, culturally or as discussed in this paper, economically. 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The unemployment rate is one of the most prominent issues discussed today by politicians, news commentators, and economists. Therefore, higher unemployment rate between youth could affect the economy, politics, and other factors. Many countries across the globe spend a lot of timeRead MoreInflation On The Economy : Inflation1622 Words   |  7 PagesInflation in Iraq As reported by D. Accustomed Naji al-Hamdani 2013, in a study on Inflation in the Iraqi economy, inflation arises in most cases because of the imbalance and lack of balance between aggregate demand and aggregate supply in the national economy. When commodity supply deficit to meet the total demand of the consumers of goods and services prices rising commodity groups and causing inflation. The greater the gap widening between aggregate demand and aggregate supply accelerates the