Major reasons of unemployment in Pakistan are concerned with the backwardness of agriculture sector, and other reasons are worsening law and order situation, high growth rate of population, energy crisis, faulty educational system, poor governance and deep rooted corruption (Ali, 2010).
Also to know is, how is unemployment affecting the economy of Pakistan?
On the other hand 1% decrease in unemployment will increase the GDP growth by 7.25%. The results intimates that GDP Growth in long run has negative relationship with Unemployment in long run. Umar and Razaullah (2013) found the impact of GDP and inflation on unemployment rate in Pakistan.
- • 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.
Besides, what is the cause and effect of unemployment?
effects of unemployment include over exploitation of available labor, reduced rate of economic growth, reduced human capacity, loss of human resources and increase in poverty levels (Dawson 101). One positive effect of unemployment is the availability of adequate labor at reduced market prices.
What is the main reason of unemployment?
The rapid growth of population also being the burden on cultivation, low productivity in the agriculture sector, defective economic planning, lack of capital etc are also some of the foremost reason for unemployment.
What is the situation of unemployment in Pakistan?
In 2020, the unemployment rate in Pakistan was at
| Characteristic | Unemployment rate |
|---|---|
| 2019 | 3.98% |
| 2018 | 4.08% |
| 2017 | 3.94% |
| 2016 | 3.78% |
What is the unemployment rate in Pakistan 2021?
Unemployment Rate in Pakistan is expected to reach 5.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations.
Which type of unemployment occurs more in Pakistan?
According to current situation in Pakistan more than 30 lack people are unemployed and unemployment ratio is more than 12%. The unemployment issue of Pakistan is increasing more in rural areas where almost 70% of the Population is living.
Who is poor in Pakistan?
Poverty Data: Pakistan
In Pakistan, 24.3% of the population lives below the national poverty line in 2015. In Pakistan, the proportion of employed population below $1.90 purchasing power parity a day in 2019 is 1.3%. For every 1,000 babies born in Pakistan in 2019, 67 die before their 5th birthday.