Unemployment

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Usama Mehtab Roll#49
Usama Khalid Roll#100
What is unemployment?
Unemployment :

 Unemployment refers to a
situation in which the workers who
are capable of working and willing
to work do not get employment.
 Unemployment situation in
pakistan:
Population of Pakistan is 200.8 million
 Total labor force is about 60.1 million out of
which 56.5 million is employed and remaining
3.6 million is unemployed .
 Male unemployed is 6.0% and female
unemployed is 9.3%.
Types of unemployment

 There are major four types of unemployment.

 Frictional unemployment
 Structural unemployment
 Cyclical unemployment
 Seasonal unemployment
What is frictional unemployment?
 Frictional unemployment :

 Frictional unemployment occurs when a worker

moves from one job to another .it is a result of
imperfect information in the labor market
because if job seekers know that they would be
employed for a particular job vacancy almost no
time would be lost in getting a new job.
What is structural unemployment
 Structural unemployment
 Structural unemployment arises when the
qualification of a person is not enough to meet
his job responsibilities conversely, structural
unemployment arises when the salary offered to
a person falls short of the minimum wages that
can be paid for the concerned job.
 Cyclical unemployment
 Cyclical unemployment is a factor of overall
unemployment that relates to the cyclical trends
in growth and production that occur within the
business cycle. ... When economic output falls, as
measured by the gross domestic product (GDP),
the business cycle is low and cyclical
unemployment will rise.
What is seasonal unemployment?
 Seasonal unemployment:

 Seasonal unemployment occurs when

an occupation is not in demand at
certain seasons.
 Causes of unemployment

• High population growth

• Poor education system
• High age of retirement
• Increase in no of students
• Uses of advance technology
• Lack of skill
• Lack of credit facility
 Measurements to control
unemployment
o Skill development office
o Population control
o Rozgar scheme
o Labor market information system
o Reduction in retirement period
o National internship program
o Technical education and training
Thank you so much for watching 