You asked: How can we solve the problem of unemployment in Nigeria?

How can problem of unemployment be reduced by the government?

There are various way to control the problem of under employment. One of the way is to introduction of new industrial and their building in order to create the more jobs that will reduce the load of the increasing jobs demand which would also mean that the underemployment problems can also be reduced.

How can we solve the problems of unemployment?

Suggestions to Solve Unemployment Problem

  1. Following are the suggestions to solve unemployment problem:
  2. (i) Change in industrial technique:
  3. (ii) Policy regarding seasonal unemployment:
  4. (iii) Change in education system:
  5. (iv) Expansion of Employment exchanges:
  6. (v) More assistance to self employed people:

What are the four strategies to overcome unemployment?

Four strategies to overcome employment are as follows:

  • Education and training.
  • Reduce the control and power of the trade union.
  • Employment subsidies.
  • Improve the “labour market” flexibility.

What are effects of unemployment?

The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health …

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How can unemployment be stopped?

The best way to prevent unemployment is to improve your skills constantly. Every dollar you spend on training is an investment in your best product, yourself. Use JOLTS and the Handbook to look at areas that pay well and that you might enjoy.

How can we solve the problem of educated unemployment?

(i) More use of Information Technology (IT) should be made in giving education. (ii) Education should cater to the needs of the employment markets. (iii) More opportunities should be made available in the tertiary sector where more educated unemployed people can find jobs.

How is unemployment a problem for society?

Unemployment has costs to a society that are more than just financial. Unemployed individuals not only lose income but also face challenges to their physical and mental health. Societal costs of high unemployment include higher crime and a reduced rate of volunteerism.

How does unemployment affect standard of living?

Loss of income: Unemployment normally results in a loss of income. The majority of the unemployed experience a decline in their living standards and are worse off out of work. This leads to a decline in spending power and the rise of falling into debt problems.

What are the two reasons for unemployment?

Possible root causes of unemployment

  • • Legacy of apartheid and poor education and training. …
  • • Labour demand – supply mismatch. …
  • • The effects of the 2008/2009 global recession. …
  • • …
  • • General lack of interest for entrepreneurship. …
  • • Slow economic growth.

What are negative effects of unemployment?

Being unemployed is a highly stressful situation, so it may cause stress-related health issues such as headaches, high blood pressure, diabetes, heart disease, back pain and insomnia. These health issues often result in increased visits to a doctor and increased use of medication to manage the health conditions.

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What are the three negative impacts of unemployment?

Concerning the satisfaction level with main vocational activity, unemployment tends to have negative psychological consequences, including the loss of identity and self-esteem, increased stress from family and social pressures, along with greater future uncertainty with respect to labour market status.

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