4. Definition
According to International Labor
Organization (ILO), “Unemployment
occurs when people are without jobs
and they have actively looked for
work within the past four weeks”.
5. Unemployment rate
The percentage of the total labor
force that is unemployed but actively
seeking employment and willing to
work is treated as unemployment
rate. A person who simply expresses
Interest in having a job is classified
as unemployed.
6. Types of Unemployment Rate
• Structural Unemployment: Structural
unemployment is an unemployment that
comes from there being an absence of
demand for the workers that are available."
• Frictional Unemployment: "Frictional
unemployment is unemployment that comes
from people moving between jobs, careers,
and locations."
7. Types of Unemployment Rate
• Cyclical Unemployment:"Cyclical unemployment
occurs when the unemployment rate moves in the
opposite direction as the GDP growth rate. So when
GDP growth is small (or negative) unemployment is
high."
• Seasonal Unemployment: Seasonal unemployment is
unemployment due to changes in the season - such as
a lack of demand for department store Santa Clauses in
January. Seasonal unemployment is a form of
structural unemployment, as the structure of the
economy changes from month to month.
9. Executive Summary & Objective
• Unemployment is a great concern in Bangladesh.
Every year hundreds of thousands student are
coming out from School, college and university.
Though it is one of the major responsibilities of
the Government to provide job to those young
generation but the Government is failed to meet
the job demand among the large population.
Only a tiny fraction of total jobless is managed by
different government offices and private
organization but a majority remain unemployed.
10. The Nature
Uneducated and Uneducated is the Basic nature of
unemployment. Unemployment among the educated
youths is one of the major problems in Bangladesh.
The unemployment rate for the population having
secondary school certificate level education and above
is significantly higher than those with a lower level of
education.
The unemployment rate for educated women is higher
compared to that for the male population.In Bangladesh
salaried/wage employment in the formal sectors is not
big enough to take care of the huge number of
unemployed.
16. Possible Solution to Unemployment:
1.National Office of Employment to develop long term
strategies and oversight.
2.Identify growing and potential industries and the
skills they will need in future staff.
3.Design a plan which allows for the rapid retargeting
of training courses as vocational schools are
traditionally 5 to 15 years behind current needs.
17. Possible Solution to Unemployment:
4. Steps should be taken to set up co-operative
farming, cottage industries and to open new system
of public work to create job for the unemployed
people.
5.Provide incentives for employers to hire more part-
time workers
18. Conclusion & Recommendation:
High rate of unemployment, particularly of the
educated youths, poses serious socio-
economic problems.
A jobless educated youth, particularly a male,
becomes a burden for his family. He gets little
respect in his family or in the society. This
forces him to resort to criminal activities such
as hijacking, working as a trafficker of
dangerous drugs, working as a muscleman of a
corrupt politician, or joining a group of
militants.
19. In view of what has been stated above, it is
high time to ascertain the correct rate of
unemployment in the country, and it must be
free from political bias in the greater national
interest.
IN the prime minister's question-answer
session on February 17, Prime Minister Sheikh
Hasina disclosed in the House her
government's plan to bring down
unemployment rate to 15 percent from the
existing 40 percent by the year 2021.