13.06.2022 Presentation on Rising Unempoyment in Pakistan by Muhammad Saeed.pptx

 Definition
 How Is the Rate of Unemployment Calculated?
 Unemployment Rate in Pakistan
 Unemployment is a global issue
 Causes of Rising Unemployment
 Consequences of Rising Unemployment
 How to curb the issue of Rising Unemployment In Pakistan
 Indian China Model to curb this issue
3

 Unemployment is the condition of one who is capable of working,
actively seeking work, but unable to find any work.
Source: Encyclopaedia of Britannica
4

 The unemployment rate is defined as the
percentage of unemployed persons in the labour
force.
 The formula for finding the unemployment rate is:
Unemployment rate = (Unemployed workers / Total labor
force) x 100
5
Source: : Pakistan Bureau of Statistics LFS 2020-2021
https://www.masterclass.com/articles/learn-about-unemployment

The economically active population (or labour force) encompasses
all persons employed and all those who are unemployed. The
survey results indicated that the labour force increased from 68.75
million in 2018-19 to 71.76 million in 2020-21. This shows increase
of 1.51 million per annum.
6
Source: Pakistan Bureau of Statistics LFS 2020-2021

The “Employed” comprises all persons ten years of age and over who
worked at least one hour during the reference period and were either
“paid employed” or “self-employed”. The volume of employed persons
increased (3.22 million) from 64.03 million in 2018-19 to 67.25 million in
2020- 21. This shows 1.61 million people are added in employed labour
force per annum.
7

The “unemployed” comprises all persons ten years of age and
over who were without work during the reference period (past
week) but currently looking and available for work. The
comparative surveys figures show that the volume of
unemployed person decreases by 0.20 million from 4.71
million in 2018-19 to 4.51 million in 2020-21.
8

It goes down from (6.9%) in 2018-19 to (6.3%) in the LFS 2020-21.
Decrease is observed both in case of males (5.9%, 5.5%) and females
(10.0%, 8.9%). Generally the unemployment rate in females is more
pronounced as compared to males during the comparative period.
Area- wise disaggregated figures indicate that unemployment rate goes
down both in urban (7.9%, 7.3%) and in rural areas (6.4%, 5.8%)
Comparative figures suggest significant decrease in rural males (5.5%,
5.1%) and females (8.5%, 7.4%) and in urban male (6.5%, 6.0%) and
urban females (17.1%, 16.4%).
9

10
Source
https://www.macrotrends.net/countries/PAK/pakistan
/unemployment-rate
Year Rate % Annual Change
2020 4.65% 0.67%
2019 3.98% -0.10%
2018 4.08% 0.14%
2017 3.94% 0.16%
2016 3.78% 0.21%
2015 3.57% 1.74%
2014 1.83% -1.12%
2013 2.95% 1.25%

11
Source
/unemployment-rate
Country Name
Unemployment Rate
(%)
West Bank and
Gaza
27.35%
Lesotho 24.65%
Eswatini 23.40%
Sudan 17.71%
Tunisia 16.69%
Sao Tome and
Principe
13.86%
Cabo Verde 13.41%
Zambia 12.17%
Country Name
Unemployment
Rate (%)
Georgia
12.05%
Djibouti 11.57%
Mauritania 10.66%
Egypt 10.45%
Congo, Rep. 10.27%
Morocco 10.15%
Ukraine 9.48%
Honduras 9.39%

12
Source
/unemployment-rate
Country Name Unemployment Rate (%)
Kyrgyz Republic
7.89%
Angola 7.70%
India 7.11%
El Salvador 6.98%
Uzbekistan 5.97%
Nicaragua 5.82%
Bolivia 5.61%
Bangladesh 5.30%
Timor-Leste 5.06%
Sri Lanka 4.84%
Moldova 4.71%
Pakistan 4.65%

 Rapidly Growing Population Rate
 Lack of Income Generation Skills
 Youth has degrees but not job
 Low Literacy, Education and Training
 Rural to Urban Migration
13

14
Source: https://tradingeconomics.com/pakistan/population

The lack of education opportunities among the working-age population
clearly contributes to the enabling of unemployment and the weak
chances of finding better paid jobs or jobs with greater security and
benefits.
The country’s development largely depends on having skilled persons
and it is imparted through the education system and also through further
formal training, which may be specifically related to the requirements of
the job.
17

out of (17.4 Million) trained population, 14.8 Million are those who are
informal apprentice, after that (1.7 million) are there who got training
from Private/Public, vocational institutes. The number of person who
received training from Government/Public training institutes is less
than one million (0.9). If we have a look at percentage tables, it shows
that (84.8%) of trained persons have received informal training and
about only (15%) are those who had training from
Government/Public/Private training institutes.
18

Rural to urban migration accounts for about one in eighth (11.7%) of the total flow of
migrants within and between areas. Males are more savvy to go urban (13.7%)
compared to females (10.5%). Proportions by provinces form a descending sequence
of KP (20.8%), Punjab (12.4%), Balochistan (10.1%) and Sindh (3.5%)). As for change
during the comparative period is concerned, the rural to urban migration is trending
down in KP (30.7%, 20.8%), Punjab (14.2%, 12.4%) and Sindh (6.4%, 3.5%) while trend
up in Balochistan (1.9%, 10.1%) during the comparative period.
19

 Individuals
 Economic efficiency
 Socio-political stability
20
Source
https://www.macrotrends.net/countries/PAK/pakistan/une
mployment-rate

 Unemployed people have no ability to fulfill their financial
obligations and can become mentally stressed, ill, and even
homeless.
21
Source
mployment-rate

22
Source:https://www.pbs.gov.pk/publication/labour-force-
survey-2020-21-annual-report

23
Contd…

24
Contd…

During times of high unemployment, many job seekers will accept
new jobs below their skill level, a situation called
“underemployment,” which translates to a loss of human capital for
an economy’s labor market. Unemployed workers will also
significantly decrease their consumer spending, which is one of the
driving forces of economic growth. Without consumer spending, the
economy will slow dramatically.
25
Source
mployment-rate

If unemployment remains high, citizen dissatisfaction can rise to the
point of widespread civil unrest.
26
Source
mployment-rate

 Agriculture plays a pivotal role to spur economic growth
 Small & Medium Enterprises play their due role in economic
development
 Importance of China–Pakistan Economic Corridor Project (CPEC)
 The construction and manufacturing sectors are major source of
the economic growth and development
27

 Agricultural sector is indispensable to the country’s economic
growth, food security, employment generation and poverty
alleviation particularly, at the rural level.
 It contributes 19.2 percent to the GDP and provides employment
to around 38.5 percent of the labour force.
28
Source: Pakistan Economic Survey

 More than 65-70 percent of the population depends on agriculture
for its livelihood.
 Agricultural growth rate has been constrained by shrinking arable
land, climate change, water shortages, and large-scale population
and labour shift from rural to urban areas.
29

70%
39%
19%
POPLULATION DEPEND ON AGRICULTURE
CONTRIBUTION IN LABOR FORCE
CONTRIBUTION IN GDP
0% 10% 20% 30% 40% 50% 60% 70% 80%
Column1
30

 In Pakistan, SME sector contributes an estimated 404 percent to
GDP and it holds tremendous potential to create a positive impact
on Pakistan’s economy.
 In Pakistan, SME sector contributes an estimated 404 percent to
GDP and it holds tremendous potential to create a positive impact
on Pakistan’s economy.
31

 To enable SMEs in Pakistan to play their due role in economic
development, Small and Medium Enterprises Development Authority
(SMEDA) has taken various initiatives towards fostering growth of
SMEs through a broad service portfolio spread across various SME
sectors and clusters.
32

 CPEC is a flagship and most actively implemented project of the
Belt & Road Initiative (BRI) where Pakistan and China have
successfully launched 56 projects on the ground.
 Out of these projects, 26 projects worth approximately US$17
billion have been completed so far and 30 projects worth US$8.5
billion are under construction.
33

 Pakistan’s strategic location has focused on developing an
efficient and well-integrated transport and communication
system by connecting remote regions of the country into one
road one Asia chain.
 With the help of CPEC, roads and railways infrastructure will
integrate Pakistan with the regional countries which will help
in generating economic and business activities by integrating
its markets with Central Asia, the Middle East, and other
parts of the world.
34

 Expansion of these sectors can generate millions of jobs for
unskilled, semi skilled and skilled workforce.
 Share of employment in construction sector has increased from
8.0 percent in 2018-19 to 9.5 percent in 020-21.
 This increase shows that job opportunities are being created in
the country. Wholesale and retail trade sector has shown 14.4
percent employment in 202021.
35

 The employment level in transport/storage & communication remained
same in the period under review and share of employment in
community/social & personal service sectors increased from 14.9
percent in 2018-19 to 16.0 percent in 2020-21.
36

13.06.2022 Presentation on Rising Unempoyment in Pakistan by Muhammad Saeed.pptx

Recommended

Recommended

More Related Content

Similar to 13.06.2022 Presentation on Rising Unempoyment in Pakistan by Muhammad Saeed.pptx

Similar to 13.06.2022 Presentation on Rising Unempoyment in Pakistan by Muhammad Saeed.pptx (20)

Recently uploaded

Recently uploaded (20)

13.06.2022 Presentation on Rising Unempoyment in Pakistan by Muhammad Saeed.pptx