Causes and evolution of unemployment in different countries

Calancea Eugenia CON1302

 Unemployment occurs when a person who is actively searching for employment is unable to find work
Actuality of the research : Unemployment is one of the most important problems the world faces Research Goals : highlighting the main causes of unemployment ,its evolution in different countries Sources: http://www.weforum.org http://www.investopedia.com http:// www.statistica.md http://www.indexmundi.com http://www.tradingeconomics.com http://www.theguardian.com/

The Challenge of Youth Unemployment

*Young people make up 17% of the world's population of 7.1 billion people
*Youth make up 40% of the world's unemployed Global Adult Unemployment Rate -4.5% Global Youth Unemployment Rate -12.6% (total : 202 million unemployed people) In 2011, a youth's risk of being unemployed was 3x higher than that of an adult. Close to 75 million youth worldwide were unemployed in 2012. Middle East and North Africa (MENA) has the highest youth unemployment rate, with about one youth in four without a job.

Republic of Moldova
Unemployment Rate in Moldova decreased to 3.90 % in the third quarter of 2013 from 4.70 % in the second quarter of 2013. Unemployment rate in 2012 was 5,6%,lower than in 2011 , 6,7%. *Young people in Moldova suffer clear labour market disadvantage. There is a negative correlation between age and the risk of being unemployed . The youth unemployment Rate is 15.4%(73 place)

Germany
Unemployment Rate in Germany decreased to 5.10 % in December of 2013 from 5.20 % in November of 2013 Youth unemployment fell slightly by 0.1 percentage points to 7.4 percent. Unemployment Rate in Germany is reported by the Deutsche Bundesbank.

United States of America

US unemployment rate hit a new five-year low of 6.6% in January of 2014. Unemployment Rate in the United States averaged 5.83% from 1948 until 2014, reaching an all time high of 10.80 % in December of 1982 and a record low of 2.50 % in May of 1953.

SOUTH AFRICA
Unemployment Rate in South Africa decreased to 24.10% in the fourth quarter of 2013 from 24.50 % in the third quarter of 2013. Youth unemployment Rate is 48.2% Young people in Africa find work, but not in places that pay good wages, develop skills or provide a measure of job security .

Causes of unemployment
Quality and Relevance of Education. Education is not tailored to the needs of the labour market, so that firms are unable to hire the skills they need. In 2010, in 25 out of 27 developed countries, the highest unemployment rate was among people with primary education or less. Population Growth. Economic Crisis. Discouraged Youth. Discouraged youth gave up looking for work altogether and are in danger of feeling useless and alienated from society Lack of National Comprehensive Policy Framework. only 35 countries have adopted action plans and only 4 countries have identified a budget in their national employment policies for the implementation of youth employment priorities. Deficiencies of Labour Market Institution and Policies.

Solutions for future employees

Participate in Career Guidance Programs for Youth still in School Attend courses of Entrepreneurship Education in Schools, Colleges, and Vocational Institutions Mentoring, volunteering

Global Solutions
Global campaign an EYE opener. Unemployment affects developed and developing countries alike. As awareness of and information on the global impact of youth unemployment are rising, it is more urgent than ever for global decision-makers to take inspired, comprehensive, coordinated action to make employment a national priority. National employment strategies. More countries around the world need to implement national employment strategies that demonstrate a shared vision, clear objectives and metrics for success, supported by resources that will significantly and tangibly increase employment. Securing first employment. Programs encouraging companies to invest in "M&A" (Mentoring and Apprenticeship) support for firsttime hires, and provides concrete tools for this.