Unemployment

Presented by
Majji.surendra
Introduction to Unemployment

Unemployment refers to the situation when

individuals who are willing and able to work
are unable to find employment.

It is a key economic indicator that reflects the

health of an economy.

Unemployment can have negative impacts on

individuals, families, and society as a whole.

1
Types of Unemployment

Frictional unemployment occurs when

individuals are between jobs or entering the
workforce for the first time.

Structural unemployment results from shifts in

the economy, such as technological changes or
outsourcing.

Cyclical unemployment is caused by

fluctuations in the business cycle, leading to
layoffs and downsizing during economic
downturns.

2
Impacts of Unemployment

Unemployment can lead to financial hardship,

including difficulty paying bills and meeting
basic needs.

It can also have negative mental health effects,

such as increased stress, anxiety, and
depression.

High levels of unemployment can strain social

services and increase inequality within a
society.

3
Government Responses to Unemployment

Governments often implement policies such as

unemployment insurance to provide temporary
financial assistance to those out of work.

Job training programs and education initiatives

can help individuals develop new skills and find
employment opportunities.

Fiscal and monetary policies, such as stimulus

packages and interest rate adjustments, aim to
stimulate economic growth and reduce
unemployment rates.

4
Addressing Long-Term Unemployment

Long-term unemployment can have lasting

effects on individuals' career prospects and
well-being.

Programs that offer support for retraining, job

placement, and mental health services can help
individuals re-enter the workforce.

Collaborations between government,

businesses, and non-profit organizations are
essential in addressing the root causes of long-
term unemployment.

5
Global Perspectives on Unemployment

Unemployment rates vary across countries due

to differences in economic structures, labor
market regulations, and social welfare systems.

International organizations such as the

International Labour Organization (ILO) work
to promote decent work and employment
opportunities globally.

Globalization and technological advancements

have both created new job opportunities and
challenges for workers around the world.

6
Conclusion

Unemployment is a complex issue that requires

multi-faceted solutions at the individual,
community, and policy levels.

Addressing unemployment not only benefits

individuals and families but also contributes to
overall economic growth and social stability.

By understanding the causes and impacts of

unemployment, we can work towards creating a
more inclusive and sustainable labor market for
all.

7
8