Tuesday, February 23, 2010

Unemployment is a central problem because when unemployment is high, resources are wasted and people’s incomes are depressed.

Unemployment is the situation where the country is not making full use of its resources.
Unemployment is a central problem because when unemployment is high, resources are wasted and people’s incomes are depressed; during such periods, economic distress also spills over to affect people’s emotions and family lives.
Unemployment is measured annually as the percent of the labor force that cannot find a job. The labor force comprises adults who want to work. Uncounted are those who do not seek employment, or who have become discouraged enough to stop looking.

2 comments:

  1. Unemployment is the problem in Pakistan which has given birth to many social crimes. Because people become depressed and they do not care to take any illegal action to feed their families and fulfill their basic needs. So there should be proper and equal utilization of resources to overcome this problem.

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  2. hmmmmmm nice its a big problem in our society which has given birth to many social crimes. So there should be proper and equal utilization of resources to overcome this problem.

    ReplyDelete