ITS helping you to a clear concept about bangladehi unemployment rate and its cause..... posted by Hasib ULAB

1. WELCOME
BY-
MD.OMAR FARUK HASIB [132011013]
]
Kazi Arafath [32011163]

2. UNEMPLOYMENT
IN BANGLADESH

3. What is the unemployment &
unemployment rate??
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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”.
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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.
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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."
 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.
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7. Compare with Other Country
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8. Executive Summary & Objective
 Bangladesh is trying to develop unemployment sector is one of the most promising
one in this process. It will face competition there but it has some distinctive qualities
which will help it to establish itself as a prime sector. We tried to figure out the
Unemployment in Bangladesh and then the structure of the problem which would help
us to develop our unemployment according to our culture.
 According to the study, Unemployment rate in BD has now risen to some 11 per cent
from what was 8.0 per cent in 2002 and 2.4 per cent in 1990. This is only official data.
But unofficially reliable estimates of unemployment are higher. So, Through
meaningful operationalization of the strategy the government must pursue practical
policies to give a stimulus to much greater investments in the economy so that more
jobs can be created on a regular basis. The domestic economy may not expand, in
the short run, sufficiently and proportionately to provide jobs to the rising number of
unemployed people. It, thus, serves the country's purpose if efforts are made at the
same time to send people abroad with jobs.
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9. The Nature
 Bangladesh, like other developing countries, suffers from large-scale disguised
unemployment in the sense that, even with unchanged techniques of agriculture a
large part of the population engaged in agriculture could be removed without
reducing agricultural output. Unemployment among the educated youths is one of
the major problems in Bangladesh. Beside In Bangladesh salaried/wage
employment in the formal sectors is not big enough to take care of the huge number
of unemployed. To be engaged in Emphasis had been given on training and credit
support to women micro entrepreneurs in cottage industries and other traditional
and non-traditional sectors including skill development for service industries and
other non-farm activities. The private sector and NGOs are also playing a vital role
to this end Effect of unemployment problem.
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10. 7/13/2014 10

11. Effect on Unemployment
Effect of
Unemployment
Economic
Effect
Social Effect
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12. Effect of unemployment on the
economy
 Wasted production
 Unemployment financial costs
 Spending power
 Reduced spending power of the
employed
 Recession
Effect of unemployment on the
society
 Standard of living
 Tension over taxes rise
 Insecurity amongst employees
 Crime and violence
 Employment gaps
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13. Causes behind unemployment
 Minimum wages
 Labor union
 Efficiency wages
 Job search
 Economic growth
 Inflation
 Regulations and taxes
 Employer incentives
 Global recession
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14. List of unemployment in Bangladesh are
given below:
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35.2 35.2 35
40 40 40
2.5 2.5 2.5 2.5
5.1 4.8 5 4.5
0
5
10
15
20
25
30
35
40
45
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Unemployment rate (%)

15. Last Situation of Bangladesh
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16. Possible Solution to Unemployment:
 National Office of Employment to develop long term strategies and oversight.
 Identify growing and potential industries and the skills they will need in future staff.
 Design a plan which allows for the rapid retargeting of training courses as
vocational schools are traditionally 5 to 15 years behind current needs.
 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.
 Provide incentives for employers to hire more part-time workers
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17. 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.
 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 2021.7/13/2014 17

18. THANK
YOU!!
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