Write An Essay On Unemployment Problem

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In the case that finding a job takes longer than originally expected, the individual may not have enough money in the bank to make all their ends met.

This only adds stress they are already going through.

The same goes for if they are absent often or late, that will not be tolerated.

A person is considered unemployed if they are fired from their job due to budget cuts and they are in waiting to get their job back.

Agriculture, though a principal occupation in the rural areas of the country, is seasonal in nature.

It cannot provide work to the rural population of the country throughout the year.

But the nature of unemployment prevailing in underdeveloped or developing countries sharply differs to that of developed countries of the world.

While the developed countries are facing unemployment, mostly of Keynesian involuntary and frictional types but the underdeveloped or developing countries like India are facing structural unemployment arising from high rate of growth of population and slow economic growth.

Structural unemployment may be open or disguised type.

But the most serious type of unemployment from which those undeveloped countries like India are suffering includes its huge underemployment or disguised unemployment in the rural sector. It indicates a situation where the total number of job vacancies is much less than the total number of job seekers in the country.

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