You are on page 1of 4

unemployment

Introduction
Unemployment is a term referring to individuals who are employable and
actively seeking a job but are unable to find a job(Unemployment - Definition,
Types, and Causes of Unempolyment, n.d.).An individual is defined to be
unemployed if he or she is not working, able to work, and looking for work
during defined reference periods)Giles,et al 2005). Unemployment is becoming
a social and economic problem today in society. The unemployment rate is
rising every day which is a problem that has a negative impact on our society
and needs to be considered.

Problem:

Now a days unemployment became one of the major issues in our society that
has a severe impact on the economic situation which is even got worse after the
Covid 19 Pandemic.

Forward-looking governments and organizations (such as universities) should


begin thinking about how to deal with the immediate and long-term
consequences of the economic crisis created by COVID-19, especially in the area
of unemployment. Creating meaningful interventions to assist the newly
unemployed will be difficult because of the unprecedented number of
individuals and families that are affected and because of the diverse contextual
and personal factors that characterize this new population. Because of this
diversity of contextual and personal factors, different interventions will be
required for different patterns of individual/contextual characteristics (Ferreira
et al., 2015)

solution A
And it is commonly suggested that the government start on building a data base
that include all the unemployed citizens details along with their area of experts,
and start playing the role of middle man between companies and unemployed
citizens by providing a tool or website for communication and easy reachability.
And although this will resolve part of the problem in the short term but still in a
long term there will be a continues increase in demand for new positions to be
available to absorb the unemployed population

Conclusion in favour of solutions B and C:

Reference

Ferreira, J. A., Reitzle, M., Lee, B., Freitas, R. A., Santos, E. R., Alcoforado, L., &
Vondracek, F. W. (2015). Configurations of unemployment, reemployment, and

psychological well-being: A longitudinal study of unemployed individuals in


Portugal. Journal of Vocational Behavior, 91, 54–64.
https://doi.org/10.1016/j.jvb.

2015.09.004.
Giles, J., Albert, P., & Zhang, J. (2005). What is China's true unemployment rate?. China Economic
Review, 16(2), 149-170.

Unemployment - Definition, Types, and Causes of Unempolyment. (n.d.). Corporate


Finance Institute; https://www.facebook.com/corporatefinanceinstitute.cfi/. Retrieved
December 27, 2022, from
https://corporatefinanceinstitute.com/resources/economics/unemployment/

You might also like