Learning Material
Learning Material
“Addressing Unemployment: Causes, Effects and Strategies for Economic Empowerment”
“Addressing Unemployment: Causes, Effects and Strategies for Economic Empowerment” Introduction Unemployment refers to a situation where individuals who are willing and able to work cannot find employment despite actively seeking it. It's a critical economic and social issue with far-reaching implications. Economically, unemployment leads to a loss of potential output and productivity for a nation, reducing overall economic growth. Socially, it can result in financial strain, mental health issues, and social unrest. In other words Unemployment is a situation when a person actively searches for a job and is unable to find work. Unemployment indicates the health of the economy. The unemployment rate is the most frequent measure of unemployment. The unemployment rate is the number of people unemployed divided by the working population or people working under labour force. Unemployment can be caused by various factors, including cyclical fluctuations in the economy, technological
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