Essay On Unemployment

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By the end of 2013 there were nearly 202 million unemployed in the world, that is, about five million more than in the previous year (Nattrass, 2014, p. This especially harmed 74.5 million young people aged 15 to 24, which is a million more than in the previous year (Nattrass, 2014, p. If governments continue to do nothing and do not deal with the crisis of youth employment, stagnant unemployment and other problems of the labor market, this may lead to further social tensions.

Thus, unemployment is currently one of the most serious challenges that contemporary economies must overcome.

Unemployment is a form of manifestation of macroeconomic instability expressed in excess of supply over demand of labor, when the economically active population is not engaged in economic activity in the country despite active search for job and willingness to work.

Obviously, with the incomplete use of the available manpower resources economic system works not reaching its production capacity limits, and any economic growth in the country is out of the question.

Equally important are the systematic studies of the labor market, including the study of the structure of employment in the labor market of public entities, registered unemployment problems, problems of interaction between employees and employers, employment problems of certain categories of the population, organizational problems of employment service and its individual directions.

In addition, various job fairs, open days and similar events can be held to increase awareness.Further in this paper, we will examine the main types of unemployment and produce recommendations on preventing the development of factors causing them.Major types of unemployment All working-age population that is not working, but is looking for job is considered unemployed.In addition, the development of vocational education and training of public services allows workers to improve their skills, thereby adapting them to changes in the labor market.Particular attention should be paid to scarce occupations and professions (Mc Bride & Mustchin, 2013, p. The disadvantage of this method is that it does not give quick results and increases inequality among workers, since the probability to get education increases in accord with the current job position (Nattrass, 2014, p. Besides, unemployment caused by the decline in production and a sharp increase in the working population cannot be reduced in this way (OECD, 2010, p. The major means of combating cyclical unemployment are implementation of stabilization policy aimed at preventing the deep recessions of production and, consequently, mass unemployment, as well as creation of additional jobs in the public sector (Mc Bride & Mustchin, 2013; Blustein et al., 2012).Number of applicants for a limited number of jobs increases, and the chance of real employment decreases, which increases unemployment rate.Varieties of involuntary unemployment include cyclic (caused by repetitive production decline in the country or region), seasonal (depends on fluctuations in the level of economic activity during the year, characteristic of some specific sectors of the economy), and technological (related to mechanization and automation of production, which resulted in part of labor power becoming superfluous, or requiring a higher skill level (Verhaar & Jansma, 2014).voluntary abandonment of one job and the search for another.Frictional unemployed include the dismissed or ones who quit their job, pending restoring at previous job or having found a new job, but who have not started it.In turn, voluntary unemployment is related to the reluctance of people to work, for example under conditions of reduced wages.Voluntary unemployment increases during economic boom and decreases in recession.


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