Unemployment A Problem for Country's Progress
Keywords:
Unemployment, Labour, Factories, NSSO, AdolescentAbstract
When workers who are prepared and able to work choose not to hunt for job, it is said that there is unemployment. It is expressed as a percentage of the total number of unemployed persons to the total labour force. The National Sample Survey Organization (NSSO) and the Labor Bureau in India calculate employment and unemployment. The world's largest concentration of young people lives in India, in 2015, the unemployment rate for people aged 18 to 29 was approx. 13.1%. Each year, a large number of adolescents participate in the activity advertisement. However, when compared to the previous year, according to the NSSO finance data, work creation eased down by roughly 6-7% in January 2019. This has had a negative impact on young people's employment prospects. The estimated unemployment rate for 2017–18 was approx. 6.0%, the highest in the previous 45 years. This is comparable to a job emergency, a shortage of competent talent, and open business opportunities.
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