essay for unemployment

Unemployment Essay

500+ words essay on unemployment.

Unemployment is a serious problem among young people. There are thousands of people who do not have any work to do and cannot find work for themselves. Unemployment refers to the situation where a person wants to work but cannot find employment in the labour market. One of the major reasons that contribute to unemployment is the large population of India and the limited availability of resources. In this essay on unemployment, we will discuss all these issues responsible for unemployment in India and how we can overcome this problem. Students must go through this unemployment essay to get ideas on how to write an effective essay on the topic related to unemployment. Also, they can practice more CBSE essays on different topics to boost their writing skills.

Unemployment is measured by the unemployment rate, defined as the number of people actively looking for a job as a percentage of the labour force. The unemployment rate for the year 2013-14 in rural India was 4.7%, whereas it was 5.5% for urban India. In the short term, unemployment significantly reduces a person’s income and, in the long term, it reduces their ability to save for retirement and other goals. Unemployment is a loss of valuable productive resources to the economy. The impact of job loss in rural and regional areas flows through the local community, damaging businesses.

Reason for Unemployment

An unemployed person is one who is an active member of the labour force and is seeking work but is unable to find any work for himself. There are multiple reasons behind the unemployment of a person. One of them is the slow economic growth, due to which jobs in adequate numbers are not created. Excessive dependence on agriculture and slow growth of non-farm activities also limit employment generation. Unemployment in urban areas is mainly the result of substantial rural migration to urban areas. This has also resulted in a labour workforce in cities. The lack of technology and proper machinery has also contributed to unemployment.

The present educational system is based on theoretical knowledge instead of practical work. Thus, it lacks the development of aptitude and technical qualifications required for various types of work among job seekers. This has created a mismatch between the need and availability of relevant skills and training. This results in unemployment, especially among the youth and educated people with high degrees and qualifications. Apart from it, the lack of investment and infrastructure has led to inadequate employment opportunities in different sectors.

Steps to Eliminate Unemployment

Various strategies and proposals have been implemented to generate employment. Many Employment programmes and policies have been introduced and undertaken to boost self-employment and help unemployed people engage in public works. The Government of India has taken several policy measures to fight the problem of unemployment. Some of the measures are the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), National Skill Development Mission, Swarna Jayanti Shahari Rozgar Yojana (SJSRY), Regional Rural Banks (RRBs).

Despite the measures taken by the government, India remains a country experiencing severe unemployment problems. It can be resolved by imparting education in such a way that youth get the necessary skills so as to get employment easily. Setting up various vocational training and vocational courses for undergraduate and postgraduate students will help in finding employment for youth. The government needs to emphasise these courses at the primary level and make them a compulsory part of the curriculum to make students proficient in their early stages of life. Career counselling should be provided within schools and colleges so that students can choose a better career option based on their interests and ability. Government should create more job opportunities for the youth and graduates.

India is a fast-growing economy. There is an enormous scope for improvement in the unemployment sector. The various measures and steps taken by the government to increase the employment rate have succeeded to a great extent. The widespread skill development programmes have gained popularity across the nation. With better enforcement of the strategies, the employment level can be significantly improved. Although, we have to go a long way before we can say that all the people in India will get employment.

We hope this essay on unemployment must have helped students in boosting their essay-writing skills. Keep learning and visiting the BYJU’S website for more study material.

Frequently Asked Questions on Unemployment Essay

Is unemployment still an existing problem in india.

Yes, unemployment is still a serious issue in our country. Steps need to be taken by the government and also by the youngsters in India to improve this situation.

Is it necessary for schoolchildren to be informed about unemployment?

Students at this young age should definitely be informed about this topic as it will motivate them to study and aim for higher scores in exams.

What points are to be added to an essay topic on Unemployment?

Add details about different age groups of people suffering from this state of employment. You can focus on the fact that poverty is an indirect reason for unemployment and vice-versa. Then, suggest steps that can be taken to bring about an improvement in education and increase the percentage of literacy.

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Essays About Unemployment: Top 6 Examples and 5 Prompts

Read our guide to see helpful essay examples and prompts to further your understanding and write essays about unemployment.

Unemployment is an unfortunate circumstance many find themselves in; it is a challenge that civilized society faces today. When people are unemployed, they look for jobs but cannot get them. As a result, they are left without a source of income and cannot adequately provide for themselves and their families. This, in turn, can lead to various issues, including depression.

Unemployment is a social, economic, and political issue. It leaves many people in poverty and prevents people from obtaining a source of income. As a result, politicians capture the eyes of voters by promising to lower the unemployment rate to get elected. 

You can get started by reading these essay examples if you are writing essays about unemployment.

6 Examples of Essays About Unemployment

1. unemployment reflection by christopher haynes, 2. what i learned from nearly a year of unemployment by becca slaughter, 3. why aren’t europe and canada in the same boat as u.s. for unemployment by glen hendrix, 4. a global dilemma: how unemployment creates poverty by tess hinteregger, 5. why has covid-19 been especially harmful for working women by nicole bateman and martha ross, 6. youth day and ordeal of nigerian youth by utomi jerome-mario, essay prompts about unemployment, 1. unemployment during the covid-19 pandemic, 2. the connection between unemployment and crime, 3. unemployment: whose fault is it, 4. the causes of unemployment, 5. the effects of unemployment.

“In order to secure work, we must be prepared to change or upgrade our skills and be willing to relocate if necessary. But some people are not interested in retraining to find work in another field, some people do not have the confidence to go out and look for work, and some refuse to accept a job they feel is below their level. Unless people like this change their attitudes, they will not be able to find work.”

Haynes provides two perspectives on unemployment; first, that the government should do more to address it, and second, that if people want work, they must adjust to make a living. He believes that many are unemployed because they are unwilling to change their skillset or relocate to get a job. Therefore, more should be done to reduce unemployment, but it goes both ways; everyone must put in the effort.  

“I remember feeling embarrassed and powerless. I was angry it wasn’t my decision. I was happy I didn’t have to go back there, yet I was stressed about not having anywhere to go. Ultimately, I felt an overwhelming sadness that left me terrified. While I was overflowing with confusing and contradicting emotions, I somehow felt empty.”

In her essay, Slaughter reflects on her unemployed time and how it changed her. Her previous job was long and stressful, but whenever someone would ask her what she did for a living, she was embarrassed and regretful for not being there anymore. In addition to losing her job, she feels like she lost a part of herself at that time. Thankfully, she got a new job, one less taxing than her previous one. 

“You would think paying all that money year after year to a government whose purpose is to “establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity” would entitle that person to a modicum of “blessings” to insure his “tranquility” and “general welfare” in case of some stupid virus pandemic. It would certainly be the “just” thing to do. And that person’s “posterity” might look a bit less bleak. European governments and Canada did just that. And it’s not even explicitly stated in the preamble to their constitution.”

Hendrix criticizes the United States’ response to the unemployment problem caused by the COVID-19 pandemic, saying that Canada and European nations have done a much better job. He discusses how much better their unemployment benefit system is compared to the U.S. and how it is ironic that the United States, whose constitution says all of these things promoting justice and wellbeing, cannot provide that for its citizens during a global pandemic. 

“While unemployment can create poverty, poverty also reduces the chance of being employed. To ensure that those who are affected by unemployment do not fall into the negative cycle, researchers believe that governments should focus on improving quality education and training all young people so they remain in school.”

Hinteregger, in her essay, explains the link between unemployment and poverty, writing that it leads to the loss of income. People will also have to raise their families in poverty, which perpetuates the cycle of poverty. In addition, the poor may resort to violence to make a living. She points out the sheer irony of this issue, as unemployment causes poverty while poverty may also reduce the chance of being employed. 

“COVID-19 is hard on women because the U.S. economy is hard on women, and this virus excels at taking existing tensions and ratcheting them up. Millions of women were already supporting themselves and their families on meager wages before coronavirus-mitigation lockdowns sent unemployment rates skyrocketing and millions of jobs disappeared. And working mothers were already shouldering the majority of family caregiving responsibilities in the face of a childcare system that is wholly inadequate for a society in which most parents work outside the home.”

Bateman and Ross write about the effects of the COVID-19 pandemic on women. Many women are forced to go through so much to provide for their families; however, the lockdowns led to many of them losing their jobs. The unemployment rate for women rose dramatically, by 12 percent, from February to April of 2020. It has been difficult for them to balance work with taking care of their families, women’s primary role as dictated by society. 

“Youth unemployment is potentially dangerous as it sends a signal to all segments of the Nigerian Society. Here in Nigeria, the rate of youth unemployment is high, even at the period of economic normalcy i.e. the oil boom of the 1970s (6.2 per cent); 1980s (9.8 per cent) and the 1990s (11.5 per cent). Youth unemployment therefore is not a recent phenomenon. But if what happened in the 1980s/90s were a challenge of sorts, what is happening presently, going by the latest report by the National Bureau of Statistics (NBS), is a challenge.”

Jerome-Mario’s essay focuses on several issues affecting the Nigerian youth, including unemployment. The country has a high unemployment rate; over a fourth of the youth population is unemployed. He stresses the importance of the youth using their voice to make a change and to persuade the government to care for its citizens more. 

The pandemic and its lockdown policies have undoubtedly caused many people to lose jobs. Look into the impact of COVID-19 on the unemployment rate, particularly during the early months of the pandemic. Which sectors were most affected? Pull data and statistics to show how the public was affected by the covid-19 pandemic in terms of unemployment.

Many say that unemployment leads to higher crime rates. Do you believe this is true? Research how unemployment is linked to crime; examine the effects of unemployment on mental health; and conclude whether this may contribute to the increased likelihood of committing a crime. 

In Haynes’ essay, he claims that employers/the government, and workers are to blame for unemployment. After reading his essay and both arguments, who do you believe is at fault? Explain your response in detail, and make sure to provide a solid base of evidence.

Unemployment has many contributing causes. Assuming a non-pandemic setting, research what causes unemployment and list them down in your essay. Elaborate on each one and, if you can draw connections, explain them as well. 

As a grave issue, unemployment has many severe effects, notably poverty. For your essay, write about the effects of unemployment on a person, both physical and mental. How are they connected? What secondary effects might they produce? For a compelling and argumentative essay, answer these questions using research material and interview data.

For help with this topic, read our guide explaining what is persuasive writing ?If you are interested in learning more, check out our essay writing tips !

Martin is an avid writer specializing in editing and proofreading. He also enjoys literary analysis and writing about food and travel.

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Essay on Unemployment: 100 to 300 Words

• Updated on  
• Mar 30, 2024

Writing an essay on unemployment provides an opportunity to explore a critical issue affecting societies worldwide. Unemployment, a multifaceted problem, has far-reaching consequences that touch upon various aspects of individuals, families, and nations. In this essay, we will delve into the complexities of unemployment, examine its causes and consequences, discuss government initiatives, and shed light on potential solutions.

This Blog Includes:

What is unemployment, essay on unemployment in 100 words, essay on unemployment in 200 words, essay on unemployment in 300 words, tips to ace in writing an essay.

Must Read: The Beginner’s Guide to Writing an Essay

Lack of jobs leads to unemployment. It is a very serious economic and social concern that is happening all around the globe leading to many social ills. This issue is a major one and hence many governments are trying to address it. When people of a nation are employed, that leads to the economic and social well-being of that nation. To address it, the education system needs to be modeled differently so as to increase the employability of people. In democracies, political parties use unemployment as a core issue in their election manifestos.

Unemployment refers to the condition when individuals, capable and willing to work, are unable to secure gainful employment. It is a pervasive issue across the globe, with varying degrees of impact on societies. Unemployment results in financial instability, and emotional distress, and hampers individual growth. Governments and organizations must collaborate to create opportunities for employment through skill development and policy implementation.

Unemployment, a pressing concern globally, stems from multiple factors that hinder the workforce’s engagement in productive activities. It affects both developed and developing nations, contributing to economic imbalances and social disparities. The consequences of unemployment include reduced income levels, increased poverty rates, and strained government resources. Moreover, the psychological toll it takes on individuals and families can be severe, leading to stress, depression, and strained relationships.

The intricate web of unemployment is spun from a mix of causes, ranging from economic fluctuations to structural shifts in industries. Cyclical unemployment, driven by economic downturns, and structural unemployment, resulting from a mismatch between skills and job openings, are widespread forms. Additionally, technological advancements lead to technological unemployment as machines replace human labour.

Unemployment has cascading effects on societies. Diminished purchasing power affects market demand, thereby impacting economic growth. As unemployment rates rise, so does the burden on social welfare programs and the healthcare system. The phenomenon also fuels social unrest and political instability, making it a challenge governments cannot ignore.

Governments worldwide have initiated strategies to tackle unemployment. Skill development programs, vocational training, and entrepreneurship initiatives are designed to equip individuals with market-relevant skills. Furthermore, promoting labour-intensive industries and investing in sectors with growth potential can generate employment opportunities.

In conclusion, unemployment is a complex issue that necessitates a multi-pronged approach. Governments, industries, and individuals must collaborate to alleviate its impact. Effective policy implementation, education reforms, and the cultivation of entrepreneurial spirit can pave the way towards reducing unemployment rates and fostering a more stable and prosperous society.

Before we dive into the specifics of unemployment, let’s briefly discuss some tips to enhance your essay-writing skills:

• Understand the Prompt: Ensure a clear understanding of the essay prompt to address all its components effectively.
• Research Thoroughly: Gather relevant information from credible sources to build a comprehensive and informed essay.
• Organize Your Thoughts: Create an outline to structure your essay logically, allowing your ideas to flow coherently.
• Introduction and Conclusion: Craft a compelling introduction to engage your readers, and a succinct conclusion to summarize your key points.
• Use Clear Language: Express your ideas using clear and concise language, avoiding jargon or overly complex vocabulary.
• Provide Examples: Illustrate your points with real-life examples to enhance understanding and credibility.
• Edit and Proofread: Revise your essay for grammar, punctuation, and coherence to ensure a polished final draft.

Also Read: Unemployment v/s Underemployment – What’s Worse?

Related Reads:-     

Unemployment refers to the state in which individuals who are willing and able to work are without gainful employment opportunities. It is a condition where individuals seek jobs but are unable to secure them, leading to financial instability and societal challenges.

Unemployment, as discussed in the essay, is a multifaceted issue encompassing the lack of employment opportunities for willing and capable individuals. It explores various forms of unemployment, its causes, far-reaching consequences on economies and societies, and the role of governments in implementing solutions to mitigate its impact.

Unemployment is the term used to describe the situation where individuals of working age are actively seeking employment but are unable to find suitable job opportunities. It signifies a gap between the available workforce and available jobs, often leading to economic and social challenges within a society.

Unemployment emerges as a prominent thread, influencing economic, social, and psychological realms. As we’ve explored in this essay, comprehending the causes and consequences of unemployment is pivotal in devising solutions. Governments, institutions, and individuals must strive collectively to unravel this issue’s complexities and weave a fabric of employment opportunities, stability, and progress. We hope that this essay blog on Unemployment helps. For more amazing daily reads related to essay writing , stay tuned with Leverage Edu .

Manasvi Kotwal

Manasvi's flair in writing abilities is derived from her past experience of working with bootstrap start-ups, Advertisement and PR agencies as well as freelancing. She's currently working as a Content Marketing Associate at Leverage Edu to be a part of its thriving ecosystem.

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Unemployment Essay for Students and Children

500+ words essay on unemployment.

Unemployment is a very serious issue not only in India but in the whole world. There are hundreds and thousands of people out there who do not have employment . Besides, the problems of unemployment are very severe in India because of the growing population and demand for jobs. Moreover, if we neglect this problem then it will be going to become the reason for the doom of the nation.

What is Unemployment?

Unemployment refers to a situation in which a skilled and talented people wanted to do a job. But cannot find a proper job due to several reasons.

Types of Unemployment

Now we know what is unemployment but unemployment does not only mean that the person does not have a job. Likewise, unemployment also includes people working in areas out of their expertise.

The various types of unemployment include disguised unemployment, seasonal unemployment, open unemployment, technological unemployment, structural unemployment. Besides, some other unemployment is cyclic unemployment, educated unemployment, underemployment, frictional unemployment, chronic unemployment, and casual unemployment.

Above all, seasonal unemployment, under unemployment, and disguised unemployment are the most common unemployment that is found in India.

Reasons for Unemployment

In a country like India, there is much reason for a large section of the population for being unemployed. Some of these factors are population growth, slow economic growth , seasonal occupation, slow growth of the economic sector, and fall in the cottage industry.

Moreover, these are the major reason for unemployment in India. Also, the situation has become so drastic that highly educated people are ready to do the job of a sweeper. Besides, the government is not doing his work seriously.

Apart from all these, a large portion of the population is engaged in the agricultural sector and the sector only provides employment in harvest or plantation time.

In addition, the biggest reason of unemployment in India is its vast population which demands a large number of jobs every year which the government and authorities are unable to provide.

Consequences of Unemployment

If things will go on like the current scenario then unemployment will become a major issue. Apart from this, the following things happen in an economy which is an increase in poverty, an increase in crime rate, exploitation of labor, political instability, mental health, and loss of skills. As a result, all this will eventually lead to the demise of the nation.

Get the huge list of more than 500 Essay Topics and Ideas

Initiative by Government

The government has taken the problem very seriously and have taken measures to slowly reduce unemployment. Some of these schemes includes IRDP (Integrated Rural Development Programme), DPAP (Drought Prone Area Programme), Jawahar Rozgar Yojana, Employment Assurance Scheme, NRY (Nehru Rozgar Yojana), Training for self-Employment, PMIUPEP (Prime Minister’s Integrated Urban Poverty Eradication Program), employment exchange, Employment Guarantee Scheme, development of organized sector, small and cottage industries, employment in forging countries, and Jawahar Gram Samridhi Yojana and few more.

Besides, these schemes the government also make some rules flexible, so that employment can be created in the private sector also.

To conclude, we can say that the problem of unemployment in India has reached a critical stage. But, now the government and local authorities have taken the problem seriously and working on it to reduce unemployment. Also, to completely solve the issue of unemployment we have to tackle the main issue of unemployment that is the vast population of India.

FAQs about Unemployment

Q.1 Why there is a problem of unemployment in India? A.1 Due to overpopulation and lack of proper skills there is a problem of unemployment in India.

Q.2 Define Disguised unemployment? A.2 Disguised unemployment refers to a form of employment in which more than the required numbers of people work in industry or factory. And removing some employee will not affect productivity.

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Essay on Unemployment

Here we have shared the Essay on Unemployment in detail so you can use it in your exam or assignment of 150, 300, 500, or 1000 words.

You can use this Essay on Unemployment in any assignment or project whether you are in school (class 10th or 12th), college, or preparing for answer writing in competitive exams. 

Topics covered in this article.

Essay on Unemployment in 150-250 words

Essay on unemployment in 300-500 words, essay on unemployment in 500-1000 words.

Unemployment is a pressing issue that affects individuals and societies globally. It refers to the state of being without a job or a source of income despite actively seeking employment. Unemployment poses significant challenges, both economic and social, for individuals and communities.

The consequences of unemployment are far-reaching. Financial instability decreased living standards, and a loss of self-esteem and confidence are common outcomes. Individuals may face difficulties in meeting their basic needs, providing for their families, and planning for the future. Moreover, unemployment can lead to social unrest, increased crime rates, and a strain on public resources.

Addressing unemployment requires a multifaceted approach. It involves creating favorable economic conditions, promoting job growth through investment and entrepreneurship, and providing individuals with the necessary skills and training for employment opportunities. Furthermore, social safety nets, such as unemployment benefits and job placement services, play a crucial role in supporting those who are unemployed.

Efforts to reduce unemployment should also focus on addressing structural issues in the labor market, promoting fair employment practices, and encouraging inclusive growth. Additionally, fostering a supportive environment for innovation, research, and development can stimulate job creation and economic prosperity.

In conclusion, unemployment is a complex issue with wide-ranging implications for individuals and societies. It demands comprehensive strategies that encompass economic policies, skill development, and social support systems. By addressing unemployment effectively, we can strive towards a society where individuals have access to fulfilling work opportunities and can contribute to the overall well-being and prosperity of their communities.

Title: Unemployment – The Economic and Social Challenge

Introduction :

Unemployment is a pressing issue that affects individuals, families, and societies worldwide. It refers to the state of being without a job or a viable source of income despite actively seeking employment. High levels of unemployment have significant economic and social consequences, making it a critical challenge to address.

Causes of Unemployment

Unemployment can stem from various factors. Economic downturns and recessions often result in job losses as businesses struggle to sustain their operations. Technological advancements and automation have also led to job displacement, particularly in industries that rely heavily on manual labor. Globalization and outsourcing practices have contributed to the relocation of jobs to countries with lower labor costs, creating unemployment in certain regions.

Impact of Unemployment

Unemployment has far-reaching implications. Financial instability resulting from joblessness can lead to increased poverty rates, limited access to healthcare, and housing insecurity. It also strains social cohesion, as unemployed individuals may experience psychological distress, low self-esteem, and a loss of purpose. Moreover, long-term unemployment can lead to skills deterioration and a loss of work experience, making it increasingly difficult for individuals to re-enter the labor market.

Addressing Unemployment

Addressing unemployment requires a multi-faceted approach:

Economic Policies: Governments should implement policies that promote economic growth, investment, and job creation. This includes fostering a business-friendly environment, reducing bureaucratic barriers, and providing incentives for entrepreneurship and innovation. Additionally, targeted industry development strategies can identify sectors with growth potential and encourage job creation in those areas.

Education and Skills Development: Investing in education and skills development is crucial to equip individuals with the necessary competencies for available job opportunities. Collaboration between educational institutions, employers, and government agencies can help bridge the skills gap and ensure that individuals are prepared for the changing demands of the labor market. Upskilling and reskilling programs can help unemployed individuals acquire new skills and improve their employability.

Job Creation Initiatives: Governments should prioritize job creation initiatives, particularly in sectors with high growth potential. This can be achieved through infrastructure projects, green technology investments, and support for small and medium-sized enterprises. Public-private partnerships can also play a significant role in stimulating job creation and economic development.

Social Safety Nets: Establishing robust social safety nets is crucial to support those facing unemployment. Unemployment benefits, healthcare coverage, and access to retraining programs can help individuals meet their basic needs and regain economic stability while actively seeking employment. Such support systems alleviate the financial burden and provide a safety net during challenging times.

Conclusion :

Unemployment is a complex and persistent socioeconomic challenge that demands comprehensive solutions. By implementing effective economic policies, investing in education and skills development, promoting job creation, and providing social safety nets, societies can mitigate the impacts of unemployment and strive toward a more equitable and prosperous future. It is essential to address this issue with urgency, as reducing unemployment rates not only improves individual well-being but also fosters economic growth and social cohesion.

Title: Unemployment – A Dual Crisis of Economic Stability and Human Dignity

Unemployment is a complex and pervasive issue that affects individuals, families, and societies at large. It refers to the state of being without a job or a viable source of income despite actively seeking employment. High levels of unemployment have severe economic and social consequences, making it a pressing challenge that demands effective solutions and interventions. This essay aims to provide a comprehensive analysis of the causes, impacts, and potential remedies for unemployment, recognizing its multifaceted nature and the need for a holistic approach.

I. Understanding Unemployment

Unemployment can be classified into various types based on its causes and duration. Structural unemployment arises from shifts in the economy, such as technological advancements or changes in market demand, rendering certain jobs obsolete. Cyclical unemployment, on the other hand, is caused by economic downturns and fluctuations in business cycles. Frictional unemployment occurs when individuals are between jobs or in transition, while seasonal unemployment is linked to seasonal variations in certain industries.

II. Economic Implications

Unemployment poses significant challenges to the economy at both micro and macro levels. At an individual level, it leads to a loss of income and financial instability, making it difficult for individuals to meet their basic needs, contribute to the economy, and plan for the future. Moreover, the lack of economic opportunities leads to a decrease in consumer spending, which negatively impacts businesses and reduces their profitability. This, in turn, can trigger downsizing, closures, and a negative cycle of job losses, further exacerbating the unemployment crisis.

On a macroeconomic scale, high unemployment rates hinder economic growth and development. The decline in consumer spending decreases demand for goods and services, creating a ripple effect throughout the economy. Governments also face challenges in generating tax revenues, leading to reduced public investment in infrastructure, education, and healthcare. Additionally, increased government spending on unemployment benefits and social support places a strain on public finances, potentially leading to higher budget deficits or cuts in other areas.

III. Social Consequences

Unemployment not only impacts individuals’ economic well-being but also has profound social implications. Financial instability resulting from joblessness can lead to increased poverty levels, housing insecurity, and limited access to healthcare, further exacerbating social inequalities. The psychological toll of unemployment cannot be overlooked, as individuals may experience feelings of anxiety, depression, low self-esteem, and a loss of purpose. This can strain relationships, lead to social isolation, and create a sense of hopelessness among the unemployed.

Furthermore, long-term unemployment can result in skills deterioration and a loss of work experience, making it increasingly difficult for individuals to re-enter the labor market. This perpetuates a cycle of unemployment and hinders upward social mobility, reinforcing existing inequalities and social divisions.

IV. Causes of Unemployment

Unemployment is influenced by a combination of economic, structural, and policy-related factors. Economic downturns, such as recessions or financial crises, can lead to widespread job losses as businesses struggle to stay afloat. Technological advancements and automation also contribute to job displacement, particularly in industries that rely heavily on manual labor. Globalization and outsourcing practices can result in the relocation of jobs to countries with lower labor costs, further aggravating unemployment in certain regions.

Inadequate education and skills training also contribute to unemployment. Rapid changes in the labor market demand individuals with up-to-date skills and knowledge. Failure to adapt and provide relevant training can leave individuals ill-equipped to secure employment in sectors with higher demand.

V. Addressing Unemployment

Effectively addressing unemployment requires a comprehensive approach that combines economic policies, education and skills development, job creation initiatives, and social safety nets. Some potential strategies include:

• Economic Policies
• Education and Skills Development
• Job Creation and Support
• Social Safety Nets

Economic Policies:

Governments should implement policies that foster a conducive business environment, promote investment, and stimulate job creation. This may involve reducing bureaucratic barriers, providing incentives for entrepreneurship and innovation, and investing in infrastructure projects to generate employment opportunities.

Education and Skills Development:

A focus on education and skills training is crucial to equip individuals with the necessary competencies for available job opportunities. Collaboration between educational institutions, employers, and government agencies can help bridge the skills gap and align education with labor market needs. Upskilling and reskilling programs should be promoted to ensure individuals can adapt to evolving job requirements.

Job Creation and Support:

Governments should prioritize job creation initiatives in sectors with growth potential, such as renewable energy, healthcare, technology, and infrastructure development. This can be achieved through investment incentives, public-private partnerships, and targeted industry development strategies. Additionally, providing job placement services, vocational training, and financial assistance to unemployed individuals can enhance their employability and facilitate their transition back into the workforce.

Social Safety Nets:

Establishing robust social safety nets is essential to provide temporary relief and assistance to those facing job loss. Unemployment benefits, healthcare coverage, and support for retraining can help individuals meet their basic needs and regain economic stability while actively seeking employment. Such measures help alleviate the negative impacts of unemployment and support individuals during periods of transition.

Unemployment is a dual crisis of economic stability and human dignity, impacting individuals and societies on multiple levels. The economic and social consequences of unemployment demand comprehensive and coordinated efforts to address its causes and mitigate its impacts. By implementing effective economic policies, investing in education and skills development, promoting job creation, and providing robust social safety nets, societies can strive towards reducing unemployment rates and creating a more inclusive and prosperous future for all.

137 Unemployment Essay Topics

🏆 best essay topics on unemployment, 🔎 easy unemployment research paper topics, 👍 good unemployment essay topics to write about, 🎓 most interesting unemployment research titles, 💡 simple unemployment essay ideas, ❓ unemployment research questions.

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• Unemployment, Its Types and Government Intervention Unemployment is among the most significant challenges that influence contemporary economies. Indeed, even global economic giants suffer from the problem.
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• Unemployment Essay

Essay on Unemployment

The three basic needs of human beings are - food, home and clothing. All these needs can be properly fulfilled only if a person has money. And to earn this money, the person must be employed, that is, he or she must have a paid occupation. However, there are many people in the world and our country too who have failed to secure a job. As a result, they have an insignificant source of income. This state of joblessness is called unemployment.

Why Unemployment is a Serious Issue?

To live a dignified life, people need to earn money and fulfil their basic needs. Unemployment snatches this right from them and their standard of life gets degraded. 

The lack of money due to unemployment leads to the lack of nutritious food. The health of the unemployed is bound to deteriorate. The children of unemployed people cannot get the proper diet. Hence, they suffer from various illnesses. Their quality of life reduces drastically over time.

An unemployed parent cannot give proper education to his child. As a result, the child too will not be able to get a good job once he grows up. Thus, unemployment breeds unemployment.

Unemployment and Social Instability

An unemployed person is open to doing socially unacceptable work to get money. Thus, very often in a society where there are a huge number of unemployed people, there will be a great proliferation of thieves, snatchers, bank-robbers and much more serious anti-social elements. 

Covid-19 & Unemployment in India and the World

In March 2020, India entered into lockdown to stop the spread of Coronavirus. While the lockdown was effective, hundreds of people got jobless because of the prolonged shutdown of the offices. The unemployment rate has climbed up to 27.1% in April. Sure, once the offices are opened, this rate will come down. However, this grim scenario will haunt us for at least one year.

The situation in other countries is the same. 30 million people in the US have filed unemployment claims. The unemployment rate, there, is 14.7%. In the UK the number of unemployment claims has shot up by 70%.

How Can We Come Out of The Muck?

1. Self-Dependence

As the Prime Minister of India proclaimed, the Indians need to be self-dependent. We need more vocational training. Gone are the days when being employed meant being an engineer or a doctor. A farmer is an employed person. He produces his food and that of the others. There is no shame in being a farmer. We have to stop depending on foreign countries for IT work - Let us open more startups. Why do we depend on China for Diwali firecrackers or Holi colors - We can make them ourselves. Self-help is the best help.

2. Shifting The Manufacturing To India

To create more jobs, India needs to make more manufacturing hubs in the country. Let us not just assemble the Smartphone parts, let us scour the mineral-rich country and take out silicon to make circuit boards.

3. Educating The Women 

There is a real connection between the lack of education and unemployment. To educate the children of the country, we first need to educate the women of the country. Only then can the children be educated properly.

4. Stopping Politics Based On Religion And Region

Stopping petty politics is the need of the hour. The politicians need to work in a concerted way to make Indians employed.

As Charlie Chaplin said, there is no glory in poverty. Let us not pride ourselves on being compromising. Let us remain hungry for a better life. Let’s get employed.

FAQs on Unemployment Essay

1. What are the types of unemployment prevalent in the world?

Unemployment is a serious issue across the globe and is of four major different types, that is, demand deficient unemployment, frictional unemployment, structural unemployment, and voluntary unemployment.

Demand deficient unemployment: it is the biggest form of unemployment occurring generally during a recession. A recession is a period when the demand for a certain product in the market decreases, and in reaction to that company reduces its production and cuts down on the workforce.

Frictional unemployment: it is a stage of unemployment where the worker by his own will is searching for a job that is more suitable for his/ her skills and also pays him equal to or more than what he was getting in his previous workplace.

Structural unemployment: In this particular unemployment, geographical location acts as a barrier or the skill set of a worker is not following the skills desired by the jobs available in the market.

Voluntary unemployment: this type of unemployment is by the will of the worker because the worker leaves his/ her job on his own because the pay he is getting is less than his cost of living.

2. What are the causes of unemployment?

Unemployment is a global concern across the globe. Unemployment can be due to any possible reason. Unemployment doesn’t need to be from the employer side only, it can even be from the demand side, that is the demand of the product is low, therefore production is reduced due to which the workforce is also cut down. Unemployment is also from the worker side, that is, the current job doesn't pay him well according to his skill set or the current job is not much of his desired skills. In both these cases, the worker himself leaves his job.

3. What is meant by long-term unemployment and short-term unemployment?

Long-term unemployment refers to the phase of unemployment that lasts for more than 27 weeks, that is 189 days. Short-term unemployment refers to a state where the individual is not unemployed for more than a month and gets a new job very quickly. Long-term unemployment is very dangerous as compared to short-term unemployment and has adverse effects on the economic condition of an individual because of obvious reasons. The main effects of long-term unemployment on an employee are:

There is a significant decrease in the net worth reported in almost 56% of the long-term unemployment cases.

Unemployment not only affects the financial status but family relations as well, 46% of the cases of unemployment experienced strained family relationships.

Unemployment also poses an adverse effect on the career growth of individuals. Almost 43% of the long-term unemployed have observed a drastic effect on their ability to achieve their desired career goals.

Apart from financial and effect on career, long-term unemployment also affects the self-respect of individuals that was reported among approximately 38% of cases of long-term unemployment. Out of these 38% cases, 24% cases required professional help to come back to normal.

4. What are the major reasons that cause unemployment?

Unemployment can persist in a country due to many different reasons. 

One of the main reasons for unemployment is population growth because an exponential increase in population has given rise to higher rates of unemployment. After all, the number of people looking for a job is increasing but the jobs available in the market are constant or are not increasing significantly as compared to the rate of population growth. 

Due to the rapid growth of technology on a global scale, most of the work that was done through human interference is now carried out through machines and technologies. The advancement in technology has completely replaced the unskilled and low-skilled labourers in factories and companies. All factories now prefer technology over labour simply because technologies are more accurate and fast. 

Lack of education and desired skills is another major cause of unemployment. Currently, with technologies driving the world, the demand for skilled and educated workers has increased and the employment opportunities for people without adequate education have decreased, raising the unemployment rate of the country. 

Also, the rising pay scale sometimes makes it difficult for companies to hire employees and pay them the optimum salary.

5. What are the initiatives taken by the government to deal with increasing rates of unemployment?

The government has taken the issue of unemployment very seriously. There are various programs, schemes, and initiatives taken by the government to deal with this situation efficiently. Some of the schemes started by the government to reduce unemployment are Integrated Rural Development Program (IRDP), Drought Prone Area Program (DPAP), Employment Assurance Scheme, Jawahar Rozgar Yojna, Nehru Rozgar Yojna (NRY), Prime Minister’s Integrated Urban Poverty Eradication Program (PMIUPEP), Jawahar Gram Samridhi Yojna, employment guarantee scheme, employment exchange, promoting small and cottage industries and development of the organized sector. There are many more schemes launched by the government apart from the ones mentioned here. Also, apart from schemes, the government has launched training for self-employment and skill India program, to help individuals learn skills which can help them in finding a satisfactory job for themselves and their families.

Unemployment Essay Sample

Unemployment is the state of being jobless and seeking employment, or not having a job. It’s one of the most terrifying things that can happen to an individual. The number of unemployed people in the US is increasing and it’s time we took a closer look at what this means for our society. This essay will explore its causes and inferences.

Here is a sample essay on unemployment given by the experts to students. It could be used as a standard essay to write such other essays for the assignments.

Essay Example on Unemployment

• Thesis Statement of Unemployment Essay
• Introduction of Unemployment Essay
• Cause of Unemployment in the World
• Inferences of the Unemployment in a society of Nation
• How to deter the Problem of Unemployment at Global Scale

Thesis Statement of Unemployment Essay Unemployment gives rise to anarchy, terrorism, and a threat to the internal security of a nation. I ntroduction of Unemployment Essay Today the most fundamental problem that is engulfing society is the issue of unemployment. People are not able to manage two squares of meals per day. This issue cannot be ignored by us at any point as it is eating the structure of our society like a termite thus making it hollow from the inside. There are many problems that arise due to unemployment like terrorism in society which is dangerous for humankind. The issue could be addressed at the most be getting solutions on the problem of unemployment in society, which acts as the causing effect of terrorism and other problems. Main Body of Unemployment Essay Cause of Unemployment in the World The major cause of unemployment in society is the improper management of resources and giving unequal status to the people of society. Here are some major causes of unemployment given below. Unequal Distribution of resources The economic resources are unequally distributed among the people in a society of the nation at large. As a consequence of which some sections get mighty wealth as compared to others. Excessive deflation Another biggest cause that lies behind the cause of unemployment in society is the excessive deflation in the country. When people have to sell their products below the manufacturing cost they find no profit in the business. There comes a time when this business is closed by the businessmen due to lack of profit in the work. Many people lose their employment due to this reason. Mismanagement of the Banking and Financial Institution Loan and other Financial Help are given to the businessmen easily as compared to the common masses. As a result of which there is not a development of the poor people as they cannot invest money for any innovative purpose by owing a loan from the bank. This corruption is the cause of unemployment in a poor section of society. Get Non-Plagiarized Custom Essay on Unemployment in USA Order Now Inferences of the Unemployment in a society of Nation Here are the main results of unemployment in a given nation of a particular society. Students become the enemy of other’s lives in these states. Terrorism –  In the scarcity of jobs youth people join many terrorist groups for the sake of earning livelihood for their families. Thus the rise of terrorism could be backed by the unemployment problem. Human Trafficking –  The biggest issue of human trafficking is unemployment; many women and men are being transferred across the national and international boundaries for this reason. People do not have enough money to rare their families and thus get involved in such anti-social practices to earn money. Social Riots –  Social riots are also the conclusion of unemployment as communities get irritated when other people from a different community get employment. This emotion of wrath and jealously is very strong which even kills the lives of many innocent. Communal Issues –  Many times it also gives rise to the communal issue when social riots take their final destination. It could be the most serious result of unemployment in any society. How to deter the Problem of Unemployment at Global Scale The issue of unemployment is not a small problem that could be easily uprooted by society. Its roots had gone very deep into society and it is very difficult to eradicate them. It could be done by making certain efforts by every person in the world. Here are some points that could be considered by the people to eradicate the unemployment problem from society or the world at large. Equal Distribution of Economic Resources The economic resources must be equally distributed among the people so that this issue of unemployment and accumulation of wealth could be solved. Though it is a difficult thing to do but still if we make some plans for it, success could be achieved in it. Reduction in Corruption Corruption is a major issue that causes a huge part of the unemployment problems. This could be reduced by the efficient bureaucrats of the nation. Skill Oriented study The education should be skilled oriented so that people can work easily to save their livelihood. The education system should also encourage students to create new jobs and employment generation. Buy Customized Essay on Unemployment At Cheapest Price Order Now Conclusion The above discussions and arguments about unemployment draw a conclusion that though the issue is very big it could be solved by making efforts. Certain plans and strategies are needed to achieve the dream of eradicating the unemployment issue from society. Intelligentsia of the society needs to pay big attention towards this field of unemployment. Thus we can save our world from ill practices like terrorism and riots.

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Essay on Unemployment for Children and Students

Table of Contents

One of the major hindrances in the growth of any country is unemployment. Unemployment is a serious issue in India. Lack of education, lack of employment opportunities and performance issues are some of the factors that lead to unemployment. The government of India must take effective steps to eliminate this problem. One of the main problems faced by the developing countries is unemployment. It is not only one of the major obstacles in the country’s economic growth but also has several other negative repercussions on the individual as well as the society as a whole.

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Long and Short Essay on Unemployment in English

We have provided below short and long essay on unemployment in English for your knowledge and information. These essays have been written in simple and impressive language to convey the message with minimum effort.

After going through these Essays on Unemployment you will know about the factors leading to unemployment in India; what are the possible solutions for the eradication of unemployment; different types of unemployment; initiatives taken by the government to reduce unemployment; unemployment statistics in India etc.

These Unemployment essay will be useful in your school/college events of essay writing, speech giving or debate.

Unemployment Essay 1 (200 words)

People who are willing to work and are earnestly looking for job but are unable to find one are said to be unemployed. It does not include people who are voluntarily unemployed as well as those who are unable to seek job due to certain physical or mental health problem.

There are various factors that lead to the problem of unemployment in the country. These include:

• Slow Industrial Growth
• Rapid Increase in Population
• Focus on Theoretical Education
• Fall in Cottage Industries
• Lack of alternative employment opportunities for the agricultural workers
• Technological Advancement

Unemployment does not impact only the individuals but also the growth of the country. It has a negative impact on social and economic growth of the country. Here are some of the consequences of unemployment:

• Increase in crime rate
• Poor standard of living
• Loss of skill
• Political instability
• Mental health issues
• Slow economic growth

Surprisingly, despite the negative repercussions it has on the society, unemployment is one of the most overlooked issues in India. The government has taken certain steps to control the problem; however, these have not been effective enough. The government should not just initiate programs to control this problem but also keep a check on their effectiveness and revise them if need be.

Unemployment Essay 2 (300 words)

Introduction

Unemployment is a curse to the society. It does not only impact the individuals but also the society as a whole. There are a number of factors that lead to unemployment. Here is a look at these factors in detail and also the possible solutions to control this problem.

Factors Leading to Unemployment in India

• Growth in Population

The rapid growth in the population of the country is one of the leading causes of unemployment.

• Slow Economic Growth

Slow economic growth of the country results in lesser employment opportunities for people, thereby leading to unemployment.

• Seasonal Occupation

Large part of the country’s population is engaged in the agricultural sector. With this being a seasonal occupation, it provides work opportunity only for a certain part of the year.

• Slow Growth of Industrial Sector

The growth of industrial sector in the country is slow. Thus, the employment opportunities in this sector are limited.

• Fall in Cottage Industry

The production in cottage industry has fallen drastically and this has left several artisans unemployed.

Possible Solutions to Eradicate Unemployment

• Population Control

It is high time the government of India should take stern steps to control the population of the country.

• Education System

The education system in India focuses majorly on the theoretical aspects rather than skill development. The system must be improved to generate skilled manpower.

• Industrialization

The government must take steps to boost the industrial sector to create greater opportunities for people.

• Overseas Companies

The government must encourage foreign companies to open their units in the country to generate more employment opportunities.

• Employment Opportunities

Employment opportunities must be created in rural areas for seasonally unemployed people.

The problem of unemployment in the country has persisted since long. While the government has launched several programmes for employment generation, desirable progress has not been achieved. The policy-makers and the citizens should make collective efforts in creating more jobs as well as acquiring the right skill-set for employability.

Unemployment Essay 3 (400 words)

Unemployment in India can be divided into many categories including disguised unemployment, open unemployment, educated unemployment, cyclic unemployment, seasonal unemployment, technological unemployment, underemployment, structural unemployment, frictional unemployment, chronic unemployment and casual unemployment. Before leaning about these types of unemployment in detail let us understand as to who exactly is said to be unemployed. It is basically a person who is willing to work and is seeking an employment opportunity, however, is unable to find one. Those who choose to remain unemployed voluntarily or are unable to work due to some physical or mental health issue are not counted as unemployed.

Here is a detailed look at the different types of unemployment:

Disguised Unemployment

When more than the required numbers of people are employed at a place, it is said to be disguised unemployment. Removing these people does not impact the productivity.

Seasonal Unemployment

As the term suggests, this is the type of unemployment that is seen during certain seasons of the year. The industries mostly affected by seasonal unemployment include the agricultural industry, resorts and ice factories, to name a few.

Open Unemployment

This is when a vast number of labourers are unable to seek a job that provides them regular income. The problem occurs as the labour force increases at a much greater rate compared to the economy’s growth rate.

Technological Unemployment

The use of technological equipments has also led to unemployment by reducing the requirement of manual labour.

Structural Unemployment

This kind of unemployment occurs because of a major change in the country’s economic structure. This is said to be a result of technological advancement and economic development.

Cyclic Unemployment

A reduction in the overall level of business activities leads to cyclic unemployment. However, the phenomenon is short-run.

Educated Unemployment

Inability to find a suitable job, lack of employable skill and flawed education system are some of the reasons why the educated lot remains unemployed.

Underemployment

In this kind of unemployment people either take up a job on part time basis or take up work for which they are over-qualified.

Frictional Unemployment

This occurs when the demand of labour force and its supply are not synced appropriately.

Chronic Unemployment

This is long-term unemployment that continues in a country due to the rapid increase in population and low level of economic development.

Casual Unemployment

This may occur because of a sudden fall in demand, short-term contracts or shortage of raw material.

Though the government has launched several programmes to control each type of unemployment, however, the results are far from satisfactory. The government needs to devise more effective strategies for employment generation.

Unemployment Essay 4 (500 words)

Unemployment is a serious problem. There are a number of factors including lack of education, lack of employment opportunities, lack of skill, performance issues and increasing population rate that lead to this issue in India. Unemployment has a number of negative repercussions on the individuals as well as the country as a whole. The government has taken several initiatives to control this problem. Some of these are mentioned here in detail.

Government Initiatives to Reduce Unemployment

• Training for Self Employment

Launched in 1979, the program was named, National Scheme of Training of Rural Youth for Self Employment (TRYSEM). It is aimed at reducing unemployment among the youth in the rural areas.

• Integrated Rural Development Programme (IRDP)

In the year 1978-79, the Indian government launched the Integrated Rural Development Programme to ensure full employment opportunities in rural areas. A sum of Rs. 312 crore was spent on this programme and as many as 182 lakh families benefited from it.

• Employment in Foreign Countries

The government helps people get employment in overseas companies. Special agencies have been established to hire people for work in other countries.

• Small and Cottage Industries

In an attempt to reduce the issue of unemployment, the government has also developed small and cottage industries. Several people are making their living with this initiative.

• The Swaran Jayanti Rozgar Yojana

This program is aimed at providing self-employment as well as wage-employment opportunities to the urban population. It includes two plans:

• Urban Self-Employment Programme
• Urban Wage Employment Programme
• Employment Assurance Scheme

The program was launched in as many in 1994 in as 1752 backward blocks in the country. It provided unskilled manual work for 100 days to the poor unemployed people living in rural areas.

• Drought Prone Area Programme (DPAP)

The program was started in 13 states and covered as many as 70 drought-prone districts with an aim to remove seasonal unemployment. In its seventh plan, the government spent Rs. 474 crore.

• Jawahar Rozgar Yojana

The program launched in April 1989 aimed at providing employment to a minimum of one member in each poor rural family for a period of fifty to hundred days a year. The employment opportunity is provided in the person’s vicinity and 30% of these opportunities are reserved for women.

• Nehru Rozgar Yojana (NRY)

There are a total of three schemes under this program. Under the first scheme, the urban poor are given subsidy to establish micro enterprises. Under the second scheme, wage-employment is arranged for labourers in cities having a population of less than 10 lakh. Under the third scheme, urban poor in the cities are given employment opportunities matching their skills.

• Employment Guarantee Scheme

Unemployed people are provided economic assistance under this scheme. It has been launched in a number of states including Kerala, Maharashtra, Rajasthan, etc.

Apart from this, many other similar programs have been launched to reduce unemployment.

Though the government has been taking several measures to control the problem of unemployment in the country a lot still needs to be worked upon in order to curb this problem in true sense.

Unemployment Essay 5 (600 words)

Unemployment is a grave issue. There are a number of factors that lead to it. Some of these include lack of proper education, lack of good skill set, inability to perform, lack of good employment opportunities and rapidly increasing population. Here is a look at the unemployment statics in the country, the consequences of unemployment and the measures taken by the government to control it.

Unemployment: Statistics in India

The Ministry of Labour and Employment of India keeps the records of unemployment in the country. The measure of unemployment is calculated based on the number of people who had no work for a substantial amount of time during the 365 days preceding the date of collation of data and are still seeking employment.

India saw an average of 7.32 percent unemployment rate from 1983 to 2013 with a highest of 9.40 percent in the year 2009 and a record low of 4.90 percent in 2013. In the year 2015-16, the unemployment rate shot up significantly with 8.7 per cent for women and 4.3 per cent for men.

Consequences of Unemployment

Unemployment leads to serious socio-economic issues. It does not only impact the individuals but the society as a whole. Shared below are some of the major consequences of unemployment:

• Increase in Poverty

It goes without saying that increase in unemployment rate results in increase in the rate of poverty in the country. Unemployment is largely responsible for hampering the economic growth of the country.

• Increase in Crime Rate

Unable to find a suitable job, the unemployed lot usually takes the path of crime as this seems to be an easy way of making money. One of the main causes of rapidly increasing cases of theft, robbery and other heinous crimes is unemployment.

• Exploitation of Labour

Employees usually take advantage of scarcity of jobs in the market by offering low wages. Unable to find a job matching their skill people usually settle for a low-paying job. Employees are also forced to work for more than the set number of hours each day.

• Political Instability

Lack of employment opportunities results in loss of faith in the government and this often leads to political instability.

• Mental Health

The dissatisfaction level among unemployed people increases and it can gradually lead to anxiety, depression and other mental health problems.

• Loss of Skill

Staying out of job for long period of time makes one dull and eventually results in the loss of skill. It also lowers a person’s self confidence to a large extent.

The government of India has taken several initiatives to reduce the problem of unemployment as well as to help the unemployed lot in the country. Some of these include the Integrated Rural Development Programme (IRDP), Jawahar Rozgar Yojana, Drought Prone Area Programme (DPAP), Training for Self-Employment, Nehru Rozgar Yojna (NRY), Employment Assurance Scheme, Prime Minister’s Integrated Urban Poverty Eradication Program (PMIUPEP) Development of Organized Sector, Employment Exchanges, Employment in Foreign Countries, Small and Cottage Industries, Employment Guarantee Scheme and Jawahar Gram Samridhi Yojana, to name a few.

Besides offering employment opportunities by way of these programs, the government is also sensitizing the importance of education and providing skill training to the unemployed people.

Unemployment is the root cause of various problems in the society. While the government has taken initiatives to reduce this problem, the measures taken are not effective enough. The various factors causing this problem must be studied well to look for effective and integrated solutions for the same. It is time the government should recognize the sensitivity of the matter and take some serious steps to reduce it.

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Essay on Unemployment in India: Look at the Most Essential Topic of India for UPSC

Unemployment in India is proving to be the worst state for the country. It is defined under many classifications but the impact of it is that it is leading the country towards lower GDP and low living standards. Unemployment is the state of actively seeking work but not finding any paid function. Rich people in India continue to grow towards richness and the poor turn out to be poorer. All these miserable situations must be placed in your mind along with the facts and statistics. This state is making the country regressive for the people who do not have money. Are you an aspirant searching for significant topics for the UPSC exam? If you are looking for an upsc essay, you have come to the right place because here is the essay on unemployment in India. Go through this article precisely and grab all the points.

Also Read: Permanent Court of Arbitration: Important Notes for UPSC Exam

Essay on Unemployment in India

Unemployment is defined as the health of the economy of a country. It is a scenario when someone actively searches for work but does not get any paid job . The rate of unemployment in a country is measured by a certain formulation. The formula is: Unemployment rate = (Unemployed Workers / Total labour force) × 100. A national sample survey organization has been set up for calculating such situations in a country. This organization comes under MoSPI. MoSPI is abbreviated as Ministry of Statistics and Programme Implementation. It calculates the unemployment rate in India under three major approaches. These approaches are written below.

#1. Daily Status Approach

The unemployment rate of the citizens of a country is determined by this process. The unemployment status of a person is measured for each day but in a reference of a week. This is done by noticing that if any person is having no gainful work even for one hour in a day, then the person will be described as unemployed for that day.

#2. Weekly Status Approach

This approach is used effectively for measuring the unemployment rate of a nation. This approach works for highlighting the record of few people who did not have gainful or paid work even for an hour of a day. This is also valid for the unemployed people for an hour on any day of the week. This proceeds the date of the survey. A single day in the entire week is determined by this approach.

#3. Usual Status Approach

This is the most common form of reporting the number of unemployed people in a country. The approach tests the estimates of those individuals who had no gainful work or were unemployed for a major time during the whole year i.e. 365 days. It is calculated for the whole year.

Also Read: Pneumococcal Conjugate Vaccine: A Very Important Healthcare Topic for UPSC

Causes of Unemployment

Many causes are leading to the increment in the unemployment rates in India. The causes include the given points.

#1. Overpopulation is the most important cause of unemployment.

#2. Lack of education is also contributing largely to the unemployment rates. The status of ineffective educational structures,  no or low educational levels along with lesser vocational skills of the working population is a major cause.

#3. Bad quality infrastructure and inadequate growth of industries are a  cause along with very few investment rates in the sectors of manufacturing.

Also Read: Recusal of Judges: A Potential Topic for The Next UPSC Exam

Have a Look at Other Major Causes!

#1. Lower concentration towards the agriculture sector causing greater unemployment and low investment in modern agricultural technologies.

#2. The other cause is the division of the larger workforce. The workforce is working for informal functioning due to lack of education and henceforth employment measurements are less. For example, construction workers, domestic helpers, etc.

#3. The most influential cause is the regressive state of women in the country. The subservient and orthodox social norms are deteriorating women from continuing employment.

Unemployment in India Essay

The facts say that India’s unemployment rate in February 2021 was 6.9 percent. It is still very down but has turned out to be better than before considering its downfall from 7.8 percent in February 2020 . It indicates that the country is returning to the pre COVID levels in terms of unemployment. The experts from the economic department say that the labour workforce was depressed even before the outbreak of the pandemic and the situation during COVID has made it worse. The Center for Monitoring Indian Economy has claimed that participation from the labour force and employment rates have remained low. This is the data that is indicating labour fallout from labour markets due to lack of jobs.

Also Read: New IT Rules 2021: Facts to Know for UPSC about New Provisions, Patterns & Rules

People Losing Jobs!

The unemployment rate in India is touching heights because of people losing jobs. The people who had jobs are losing them due to lesser market evolution and functioning. In the metropolitan areas, people are degrading financially and losing jobs. CMIE recently claimed that the unemployment rate is dramatically rising. The post-lockdown era is marked by a noticeable drop of 2.5 percent in employment along with a drop of 6.2 percent in the count of unemployment

There has been a reduction of 2.8 percent in the labour force as well.

Types of Unemployment in India

There are different kinds of unemployment traced in India. Disguised unemployment refers to the state when more than the expected number of people are unemployed which is majorly seen in unorganized sectors and agriculture. Seasonal unemployment is a state of a person being seasonally unemployed. Structural unemployment is a factor that arises due to a lack of requisite skills for a certain organization. It is a mismatch between the individual and industry. Cyclical unemployment is something that arises due to recessions or declines in the economic conditions of the country. Vulnerable unemployment is a state where people are working without a definite income and job contact. Technological unemployment is something that occurs due to a lack of technology. It was stated by the World Bank in 2016 that 69% of jobs are threatened under this case.

Also Read: What is Mission Indradhanush: A Potential UPSC Topic Related to Covid-19 Vaccine

Impact of Unemployment

The impact of unemployment is detrimental to the people. It leads to the generation and growth of poverty. It also increases the crime rates of the nation because the young mind finds some illegal and unlawful things to do when they do not get a potential job. The people become enticed by antisocial elements and start losing faith in the democracy of India. Unemployed people who indulge in drugs and commit suicides that are a loss of resources to the nation. It is a way of decreasing and degrading the economy of the country and pushing it towards devastation.

You must keenly know this UPSC essay to upgrade your learning capabilities regarding the current issues of society.

Initiatives by the Government of India

There are many initiatives taken by the government of India for the betterment of people and giving them employment. The initiative for the rural people was taken in 1980 as Integrated Rural Development Programme (IRDP). In 1979, one scheme was launched that was primarily concerned with self-employment and SC/ST people. It was named Training of Rural Youth for Self-Employment (TRYSEM). It gave employment to youth ranging from the age of 18 to 35. RSETI/RUDSETI was launched by the government to minimize the issues of unemployment. The other schemes include PMKVY, Pradhan Mantri Kaushal Vikas Yojana which was launched in 2015 to enable the youth towards learning industry skills and getting a potential job.

Schemes Launched by the Government

The most known scheme is MNREGA which stands for Mahatma Gandhi National Rural Employment Guarantee Act. It came in 2005 for giving the right to work to all the citizens. The main aim of this scheme was to provide social security to the people for 100 days of paid work. It gave employment to many people across the nation. Start-Up India scheme and Stand Up India scheme came out in 2016 to uplift the people by developing an entrepreneurship environment for them and giving loan benefits to the SC/ST people and women respectively. The government has been making tremendous efforts to give employment to the youth and to turn the country into a larger economy and development.

Also Read: Addu Atoll UPSC Topic: Why is Addu Atoll Trending All Over India?

We hope that we have covered the essential points in this article. You must be aware of the problems faced by the country and should work appropriately to modify or upgrade the conditions. You must not read the articles for learning but you must enlighten your soul about the situations popping up before the citizens of the country.

If you are finding it difficult to crack the CSE or prepare for it excellently, you must visit UPSC Pathshala . You will get the best guidance over every hindrance and solutions to all your questions. You just have to click on your device and get connected to the most experienced faculties and experts through the websites. You will become confident and intelligent enough to achieve your goals.

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Unemployment is the traditional and major cause of India which hinders it’s development. I was looking for an article which has the overall outlook to the unemployment in India so that I could get the precise information. This article has helped me in getting it. Do you guys have same opinion?

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Shilpa is a professional web content writer and is in deep love with travelling. She completed her mass communication degree and is now dedicatedly playing with words to guide her readers to get the best for themselves. Developing educational content for UPSC, IELTS aspirants from breakthrough research work is her forte. Strongly driven by her zodiac sign Sagittarius, Shilpa loves to live her life on her own notes and completely agrees with the idea of ‘live and let live. Apart from writing and travelling, most of the time she can be seen in the avatar of 'hooman' mom to her pets and street dogs or else you can also catch her wearing the toque blanche and creating magic in the kitchen on weekends.

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205 Unemployment Essay Topic Ideas & Examples

🏆 best unemployment topic ideas & essay examples, 👍 good essay topics on unemployment, 📌 simple & easy unemployment essay titles, 💡 interesting topics to write about unemployment, ✍️ unemployment essay topics for college, ❓ essay questions on unemployment.

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• The Philippines’ Unemployment, Inequality, Poverty However, despite the strong emphasis of the government on income equality and poverty reduction along with the growth of GDP, both poverty and economic and social inequality remain persistent in the Philippines.
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• Public Administration: Unemployment Economic Impact The “official” unemployment rate is released by the U. S government is not a correct reflection of the actual state of unemployment in the nation.
• Keynesian Theory of Unemployment This brings to the conclusion that during such times the government should implement policies that are aimed at increasing aggregate demand According to Robert the, policies which the government may implement in order to reduce […]
• Entrepreneurship: Reducing Unemployment The simultaneous demand for new skills, the training of which is still little accessible due to their novelty, and the loss of relevance of acquired skills lead to unemployment.
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• Unemployment Rate of Saudi Arabia This paper discusses the impact of unemployment on the economy of a country and explores the rates of unemployment and GDP growth in Saudi Arabia.
• Unemployment in UK To analyze why unemployment is set to rise in the UK To illustrate the true level of unemployment in UK To evaluate how technology affects unemployment in UK To analyze how inflation affects UK unemployment […]
• Unemployment and Lack of Economic Opportunity Having the majority of the population employed is critical for the economic and social stability of a nation. The third reason why employment and economic opportunities must be facilitated together is that it impacts the […]
• Unemployment Rate: Impact on GDP and Inflation In such a way, the scenario shows it is vital to preserve the balance and avoid decisions focusing on only one aspect of the economy.
• Unemployment and Economic Dynamism This type of unemployment is a natural part of the economy and is generally considered to be healthy, as it allows workers to move to new, better-paying jobs.
• Unemployment Among Emerging Adults The high rate of unemployment among emerging adults is due to the following reasons: personal skills, level of education, behavioral characteristics, and lack of capital.
• Stimulus Checks: Impact of Unemployment A stimulus check is sent to taxpaying consumers to boost the economy as it provides funds for them to consume. The stimulus check offered included a high economic relief bill to deal with the pandemic.
• The Unemployment Issue in China The People’s Republic of China is the largest country in terms of population and the third largest country in the world in terms of territory.
• Downsizing for Optimizing Firm Efficiency The adoption of downsizing to mitigate the challenges mentioned above forms the basis of discussion for this paper. The section below highlights some of the benefits accrue to a firm that adopts the policy.
• Jamaica’s Unemployment and Positive Youth Development Although a recent positive trend in decreasing levels of joblessness is apparent as the country revitalizes its main source of income, the problem of the high level of unemployment among youth is persistent.
• How COVID-19 Affected Unemployment Rate Around the World A study on the effects of COVID-19 on the employment levels in the European economies found that the pandemic led to rapid unemployment in the economies of Germany, Italy, Spain, and the UK.
• Unemployment and Business Cycle in Australia The unemployment rate calculation formula is quite simple the number of unemployed people is divided by the total number of people in the civilian workforce.
• Unemployment Rate After COVID-19 However, there is a visible disparity between the national unemployment rate and that of the Hispanic or Latino demographic group, which was 12.
• Unemployment Analysis and Its Measures The Federal Reserve Economic Data graphs indicate that before the Great Recession, the unemployment and total unemployment rates were relatively low at 5% and 8.
• The Federal Unemployment Tax Some percent of wages is retained by the employer from the employee’s pay, who then remits the funds to the government on the worker’s behalf.
• The Federal Unemployment Tax Act Rates In conclusion, FUTA rates regulate the unemployment rates by punishing states that fail to keep their economies balanced in times of crisis, yet they are essential for preventing a decline in the job market.
• Income and Unemployment in the US Economy Further, one may say that both fiscal and monetary policies work to promote the U.S.economy’s achievement of the three goals, including full employment, economic growth, and stable prices.
• The Unemployment Problem in Panama This paper aims to review two current news articles about Panama, which reveal the issue of the high unemployment rate in this country, which continues to increase and has taken the form of a crisis.
• Issue of Unemployment: Social Inequality The deep socio-economic divides in American society have impacted the unemployment rates even before the COVID-19 pandemic; however, the virus has exacerbated the issue.
• Unemployment Disparity Affecting African Americans Systemic racism in the U.S.is the primary cause of the unemployment gap. Compared to white Americans, African Americans have a relatively low rate of education in the U.S.
• Forecasting Unemployment Rate With Value-Factor Model The peculiarity of the article is that the study is aimed at the consequences in the future, also considering the changes that occurred at the beginning of the pandemic.
• Economic Growth and Unemployment Relationship in the USA The corresponding figures characterize the structure of economic dynamics and the diversification of the labor market. The research limitation is the multifactorial nature of economic growth and unemployment indicators.
• CBS News Unemployment Report and Its Future Impression The labor system in America also requires reevaluation to ensure that jobs available meet the skills and abilities of the American people.
• Unemployment and Inflation Relation However, the level of unemployment and its prevailing types can differ significantly depending on the state of the economies of countries and the policies they use to combat unemployment.
• Media Coverage of Unemployment Content analysis on the topic of coverage of unemployment in the media allows you to analyze the mood and opinion of society, the tone of expression in the published media, and conclude the nature of […]
• Poverty and Unemployment Due to Increased Taxation The government on its side defended the move while trying to justify the new measures’ benefits, a move that would still not benefit the country.
• Unemployment Rate and COVID-19 in Egypt, the UAE, and Bahrain The topic chosen for this study is the influence of COVID-19 on the rate of unemployment in Egypt, the United Arab Emirates, and Bahrain.
• The Impact of Trade Policy on Unemployment According to Dutt, Mitra, and Ranjan, there is a strong link between trade and unemployment, and, therefore, adaptations of various trade policies are bound to impact unemployment indirectly. Dutt, Mitra, and Ranjan note that there […]
• Employment Law: Worker Termination and Dismissal While determining reasonable notice, companies should focus on such aspects as the age of a worker, the length of employment, the health of an employee, and the availability of jobs in the community.
• Unemployment and Recession: Causes and Relationship Another cause of recession is stringent monetary policy and increased cost of oil imports which tend to lower the rate of demand in the economy.
• Unemployment in the US and Europe The level of unemployment in the United States and Europe has continued to push the recession to unprecedented levels. Most of the jobs that were lost in the United States and Europe were in the […]
• Court Sentencing: Juvenile Status and Unemployment These provisions allowed that based on prior criminal history and in consideration of the current offense, they could be transferred for trial in adults courts.
• Unemployment Rates and Value of Houses The calculation carried is as follows:- The accompanying table shows the performance of real estate in some states Test the hypothesis that unemployment rate influences house values.Use.
• Gender Gap’s Effect on Unemployment Rate In fact, the latter, namely, the rise in the extent of the COVID-19 pandemic, has increased the rates of unemployment significantly.
• KSA Vision 2030 and Its Impact on Unemployment This resolution intends to reduce the rates of unemployment in Saudi Arabia and increase employment opportunities for women in the kingdom.
• Unemployment Within the 20th Century The purpose of this research is about showing the issue of unemployment in the 20th century, the results that it led to, the human struggle against unemployment, and the predictions of unemployment in the future.
• Macroeconomics in Unemployment Frictional unemployment is described as the unemployment that takes place because of the movement of people from one occupation to another.
• Economic Development in Saudi Arabia: Unemployment Amongst Young Saudi Generation This will allow the investigative nature of the study to be attained. The questions will be developed in cognizance to the research topic and will be based on the set objectives.
• Unemployment as the Consequence of the Development of New Technologies. What Should Private Firms and Government Do? The development of new technologies has been considered to be the way to the high level of life on the one hand and one of the main reasons for unemployment on the other hand.
• Relationship Between Unemployment and Crimes Agnew, argue that crime is caused by strain that a person face throughout life, and this can be contributed to the degree of educational inequality in society.
• Global Recession and Unemployment Growth Connection However, the increased unemployment and the collapse of the steel industry in the United States results from the domination of companies at the microeconomic level seeking an absolute advantage at international stage. Similarly, it has […]
• UAE and GCC Economic Analysis: Inflation and Unemployment This is explained by the fact that UAE is less dependent on oil trade, hence, the inflation and unemployment rate in the UAE is lower in comparison with the countries of GCC.
• Teacher Evaluation, Discipline, and Dismissal With help of the findings of the given research, probable ideas on how to improve the existing system of teacher’s evaluation at school can be suggested, which will result in the increase of the efficiency […]
• Gender, Family, and Unemployment in Ontario’s Great Depression The introduction and all the background that Campbell gives are firmly in line with the goals of this course. The first part of the study is the business and the economic history.
• The Future of Unemployment in the United States The significance of unemployment makes it a major issue that neither the federal government nor the citizens can ignore given the fact that is one of the indicators of the strength of the economy.
• The Take-Up of Unemployment Study in USA The take up of unemployment is beneficial because it will enable the living standard of people to increase and contributes to the general performance of the economy. Small business funding ensures that more people are […]
• Financial Position of AT&T Through Downsizing As mentioned, due to the tough economic conditions that were being experienced the world over in the year 2008 and partly through 2009, the company decided to lay off close to 4% of its workforce.
• Downsizing Strategy: The Reasons and Benefits Firstly it is important to note that downsizing has implications to the remaining workforce in terms of confidence and loyalty to the organization.
• Gasoline Prices, Rates of Unemployment, Inflation, and Economic Growth The data which has been queried from the database are related to gasoline prices in California, the unemployment rate in the US, the inflation rate in the US, and Real GDP.
• Pakistan: GDP and Unemployment This shows a clear relationship between the economy of the country and the employment that it is able to generate. This unemployment is increasing in both the rural areas and the urban areas of the […]
• Measuring Unemployment Issues in Society Types of unemployment include; frictional unemployment, cyclical unemployment, seasonal unemployment, and structural unemployment. Seasonal unemployment is a result of the rise and fall of a particular job.
• Macroeconomics and Unemployment The author of the article is Jennifer Steinhauer and the source where the article is taken from is the newspaper “The New York Times”, issued on September 18, 2009, that is why the information under […]
• Outsourcing, Downsizing, and Delayering On the whole, outsourcing can be defined as transferring some of the firms activities to a third party or subcontractor for a certain period of time.
• The US and the Philippines: Unemployment and Inflation In cyclical terms, this rising inflation is actually the product and not the cause of these record-high oil prices and the idea that the U.S.had failed to think of the above-discussed alternatives to the energy […]
• Youth Unemployment in Africa: A Challenge for Public Policy Makers With a large population to take care of the market for labour is overstretched from Johannesburg to Tangiers and cannot accommodate the influx of young job seekers leading to shortage or in some cases the […]
• Franklin D. Roosevelt Speech on Unemployment Reaction As, I sat down to listen on the FDR’s speech over the radio, and being one of the unemployed labor in the country, I did hope that a better future was on the way.
• Downsizing. Planning and Executing Strategies To define the extent of downsizing and the rearrangement of roles and responsibilities that will be assigned to the rest of the staff, a company’s key goals will have to be determined, including the domains […]
• Automation Impact on Unemployment Scope: The scope of the article is to analyze and overview the connection between productivity and employment figures in the US.
• How Falling Unemployment Affect College Enrollment It is common to associate the relationship between unemployment and college enrollment with the financial crisis of 2007-2008 and the Great Recession on the border of the 2000s-2010s.
• Macroeconomics: Unemployment Rate in North America Such indicators of economic development as the labor force rate and the unemployment rate are the significant aspects of state development and its policies regarding the labor market.
• Unemployment and Social Exclusion In the countries of Europe, the rate of unemployment varies between 3 and 23 percent with the highest numbers in Ireland and Greece and the lowest in Iceland, Norway, Germany, and Malta; the United States […]
• Unemployment Rates and Credit Card Debts in the US The reduction of the unemployment rate is logical as changes have affected the labor market. Concerning debts on loans, too open system of bank lending to the population can be an additional factor causing this […]
• Consumer Price Index and Unemployment Rate The first issue is related to the tendency of consumers to adjust their preferences based on prices faster than the CPI can reflect, leading to inaccurate representations of the data in the index.
• Econometrics: Poverty, Unemployment, Household Income The goal of this project is to come up with a model that relates to the poverty level in the United States and the unemployment rate and total household income.
• Recommendations for Determining the Dismissal of Jessie In her complaint, Jessie argues that she has been discriminated against because of her impairment and that her supervisor did not give her a reasonable allowance to accommodate her disability.
• United States Unemployment Rates in 2013-2014 In the first four months of 2014, the rate of unemployment in the United States dropped to about 6. 3 percent, and the number of the unemployed dropped by about 1.
• Business Cycle and Unemployment The other phase is the recovery phase which occurs after the recession and is seen by a steady rise on GDP.
• Due Process and Fair Dismissal of Teachers in Texas Specifically, the due process does not explain why a teacher should be dismissed but provides the procedures that should be followed by a school to dismiss a teacher.
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• Does Broadband Internet Reduce the Unemployment Rate?
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• Does Culture Affect Unemployment?
• Are Early Educational Choices Affected by Unemployment Benefits?
• Does European Unemployment Prop Up American Wages?
• Can Black Workers Escape Spatial Mismatch?
• Does Higher Language Proficiency Decrease the Probability of Unemployment?
• Are Protective Labor Market Institutions at the Root of Unemployment?
• Does a High Unemployment Rate Result in a High Divorce Rate?
• Can Google Econometrics Predict Unemployment?
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• Are Searching and Non-searching Unemployment Distinct States When Unemployment Is High?
• Does Job Search Assistance Reduce Unemployment?
• Can Insider-Outsider Theories Explain the Persistence of Unemployment?
• Does Job Search Monitoring Intensity Affect Unemployment?
• Are Unemployment Benefits Harmful to the Stability of Working Careers?
• Does Liquidity Substitute for Unemployment Insurance?
• Can More FDI Solve the Problem of Unemployment in the EU?
• Does Long-Term Unemployment Reduce a Person’s Chance of a Job?
• Are Unemployment Rates Nonstationary or Nonlinear?
• Does More General Education Reduce the Risk of Future Unemployment?
• Can National Infrastructure Spending Reduce Local Unemployment?
• Does Output Predict Unemployment?
• Did the Great Recession Downsize Immigrants and Native-Born Americans Differently?
• Does Reducing Unemployment Benefits During a Recession Reduce Youth Unemployment?
• Can Supply-Side Policies Reduce Unemployment?
• Does Rising Unemployment Lead to Policies of Labour Flexibility?
• Can Unemployment Insurance Spur Entrepreneurial Activity?
• Does Sanctioning Disabled Claimants of Unemployment Insurance Increase Labour Market Inactivity?
• How Can Unions Result in Higher Unemployment Rates?
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Opinion The economy is strong. Why are our national finances so weak?

The economy is booming, and yet last year’s deficit was 6.3 percent of gross domestic product. If you correct for some odd accounting surrounding the Biden administration’s decision to forgive billions of dollars’ worth of student loans, it was more like 7.7 percent .

The unemployment rate is 3.8 percent, yet this year the federal government will spend $1.6 trillion more than it collects in taxes . About $870 billion of this is interest we’re paying on money we already borrowed.

We are fecklessly squandering what might be our last opportunity to get the government’s finances on a sustainable footing in an orderly manner that will minimize the pain. And I haven’t even told you the half of it.

Real gross domestic product grew 2.5 percent last year , but the national debt grew faster, rising to 97.3 percent of GDP from 96.9 percent in 2022. Just five years ago, it was 79.2 percent of GDP. Next year, it’s expected to hit 99 percent. By 2034, the Congressional Budget Office thinks it will be 116 percent, and rising.

Even this number is too optimistic.

The Social Security Trust Fund will be exhausted in 2034 and, in theory, the statute requires that benefits be cut by about 25 percent to balance the books. In practice, Congress will be under fierce pressure to prevent such cuts. But because CBO projections are based on “current law,” 116 percent is far too optimistic. We should add at least 1 percent of GDP to the number in 2034, and another 1 percent every year thereafter.

This is not all. Medicare’s trust fund will be exhausted three years sooner, in 2031, and although the CBO likewise assumes that hospital payments will be cut, we shouldn’t bet on that happening. Better make it an extra 1.5 percent of GDP that we’ll need to find, somewhere.

And, of course, there’s an even more heroic assumption underlying all these numbers: that we won’t experience another crisis that we’ll want to spend a bunch of borrowed money on. As the 2008-2009 financial crisis and the pandemic revealed, this is hardly a safe bet.

These numbers are not yet unmanageable; America has faced worse. In 1945, the deficit was 21 percent of GDP, and the national debt held by the public topped 100 percent. By 1957, the budget was in surplus, and the debt-to-GDP ratio had been cut in half. And we don’t need to get all the way to surplus; if we could get our budget deficit down to, say, 1 percent of GDP, inflation and economic growth would gradually erode the debt to something manageable.

But this will be harder for us than it was for our forebears in the mid-20th century. They were a young and growing country, while we are an aging one, with a lot of expensive obligations to our seniors. They enjoyed expanding opportunities for trade and investment in a world that was recovering from war; we face increasing protectionist pressures — both at home and abroad.

Most important, they were serious and we are not.

In the years following the financial crisis, economists and pundits debated whether the government was spending too much borrowed money, or too little. The proponents of more stimulus argued that the austerity caucus had mired the economy well below its capacity, inflicting needless suffering on the under- and unemployed. We should run deficits, they argued, while money is cheap, and then pay them down when the economy improves.

They had a point; unemployment is one of the worst things that can happen to people in modern society, and the damage often endures long after they’ve found new jobs. Preventing unemployment, or at least shortening it, makes people way better off and, theoretically, it can permanently increase the economy’s productive capacity.

The austerity-mongers’ best counterargument was that we weren’t spending the money in theory, or in 1945, when an ethos of fiscal responsibility prevailed. We were spending it in the 21st century, when that ethos had collapsed, so there was a considerable chance that when the good times finally rolled around, no politician would willingly undertake the sacrifices necessary to get the budget back in shape. Instead, the debt would accumulate until some crisis forced policymakers to do something — and then people would suffer even more than they did from the labor market slack.

We are not having such a crisis now. But we are nevertheless doing everything we would do if we wanted to have a crisis: running up debt, not on productive investments in the future but on ordinary government operating expenses. When we do trim spending or raise taxes, it is generally to fund something new — such as Obamacare or the current administration’s green energy agenda — rather than to ensure that what we’re already doing is fiscally sustainable. This means that when we need to restore some semblance of balance, we’ll already have used up the most politically palatable options.

If we can’t balance our books now, when everything is going well, how will we manage it later, when our growing debt might push up interest rates, crowding out private investment and worsening the budget math? What will we do if, God forbid, another crisis needs to be finessed with borrowed money but no one will lend to us at reasonable rates? Almost no one in government is even asking these questions.

Our national debt is equal to the total of everything we Americans produce in a year, and President Biden isn’t talking about fiscal sanity; he’s talking about massive child-care subsidies .

The interest on our national debt is equal to 2.4 percent of GDP, and Donald Trump ‘s advisers are floating the possibility of more tax cuts , which presumably would be enacted, as the last ones were, without cutting enough spending to pay for them.

If this is the best Americans can do in the best of times, then we are asking for disaster when things, inevitably, get worse.

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Is the Boom-and-Bust Business Cycle Dead?

There is a growing view that the U.S. business cycle has changed (for better) in a more diversified economy. To some, that sounds like tempting fate.

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By Talmon Joseph Smith

For much of modern history, even the richest nations have been subject to big perennial upswings and crashes in commercial activity almost as fixed as the four seasons.

Periods of economic growth get overstretched by increased risk-taking. Hiring and investment crest and fall into a contraction as consumer confidence wanes and spending craters. Sales fall, bankruptcies and unemployment rise. Then, in the depths of a recession, debts are settled, panic abates, green shoots appear, and banks begin lending more easily again — fueling a recovery that enables a new upswing.

But a brigade of academic economists and prominent voices on Wall Street are asking if the unruly business cycle they learned in school, and witnessed in practice, has fundamentally morphed into a tamer beast.

Rick Rieder, who manages about $3 trillion in assets at the investment firm BlackRock, is one of them.

“There is a lot of ink spilled on what type of landing we will see for the U.S. economy,” he wrote in a note to clients last summer — employing the common metaphor for whether the U.S. economy will crash or achieve a “soft landing” of lower inflation, slower growth and mild unemployment.

“But one point to keep in mind,” Mr. Rieder continued, “is that satellites don’t land and maybe that is a better analogy for a modern advanced economy” like the United States. In other words, dips in momentum will now happen within a steadier orbit.

And there is some evidence that the current spurt of economic growth may have not just months but several years to run, barring an external disruption (what economists call an “ exogenous shock ”) or a return of high inflation that prompts the Federal Reserve to push the economy into recession.

“Financial reporters and market strategists often argue about whether we are ‘early-cycle,’ ‘mid-cycle’ or ‘late-cycle,’” David Kelly, the chief global strategist at J.P. Morgan Asset Management, wrote in a March 11 note to investors that closely aligned with Mr. Rieder’s “satellite” thesis. “However, these perspectives are based on an outdated model of how the U.S. economy behaves.”

According to the National Bureau of Economic Research, the U.S. economy between the 1850s and the early 1980s experienced 30 recessions lasting an average of 18 months, with intervening periods of economic growth averaging only 33 months.

Helping drive this pattern, Mr. Kelly and other economists explain, were highly cyclical industries: Manufacturing and agriculture, now only a fraction of overall output, were once mainstays of the U.S. economy.

Today, manufacturing accounts for about $2.3 trillion of gross domestic product, employs about 12 million people and indirectly supports other local jobs. (Every manufacturing job, for instance, spurs seven to 12 new jobs in related industries, according to a McKinsey estimate.)

But the consumer-driven U.S. economy, mostly made up of services (health care, auto repair, nail salons, customer service, administration and so on), is almost $30 trillion in size. Uptrends and pullbacks in the production of goods have less impact now. The relative stability of total household spending in recent years is a key part of why the United States has avoided a recession.

America’s contemporary economy, Mr. Rieder argued in his note to clients, is less vulnerable to the boom-and-bust cycles of old — mainly because its prosperous consumers are service-oriented, less dependent than ever on factories or farms. Consumption spending makes up about 70 percent of the economy.

“Consumption doesn’t really adjust that dramatically without some major form of economic stress,” he added.

One piece of data in favor of Mr. Rieder’s “satellite” theory is the absence of any widespread weakness before the pandemic crippled economies worldwide.

That was consistent with a developing trend: Since the early 1980s, there have been only four recessions, lasting an average of nine months, with economic expansions averaging 104 months.

The current period of job growth is in its 40th month.

“You don’t want to jinx it,” Ann Harrison, the dean of the Haas School of Business at the University of California, Berkeley, said in an interview — noting that peak confidence in economic expansions frequently arrives right before their downfall. (Talk has picked up of a new “ Roaring Twenties ,” an era that didn’t end well.)

As ever, there are reasons to worry. The emergence and rapid growth of “shadow banks” operating in private markets with little oversight of their lending has concerned many economists and old-school regulators. And a range of industry insiders in commercial real estate say the negative effects of lower office occupancy rates — for local economies and government budgets — have only just begun.

Yet Mr. Kelly of J.P. Morgan lists various reasons that periods of U.S. economic growth may be elongated and less chaotic going forward. Federal deposit insurance, introduced after the Depression, sharply reduced bank panics and failures. Vastly improved information on inventory levels among goods-producing businesses, he said, has “tamed” the inventory cycle, preventing mismatches between supply and demand that can cause mass layoffs.

The rise of international trade, Mr. Kelly added, can often offset slowing domestic demand since businesses, enabled by the internet, can find customers throughout the globe. And the service sector’s growth, he concluded, has “made the economy more stable and, importantly, less sensitive to interest rates.”

Across the economics profession, many are not feeling as reassured.

When weighing recession risks, Thomas Herndon, a professor of economics at John Jay College of the City University of New York, doesn’t take much long-term solace in the growing sophistication of big business. There are, he said, “many, many, many causes” for downturns — some of which are not directly linked to financial instability.

Mr. Herndon noted the work of the 20th-century Polish economist Michal Kalecki, who argued that business leaders feel “undermined” by the maintenance of full employment. Using their substantial influence over policy, Kalecki argued, they can help institute restrictive economic policies that bring times of economic expansion to an end and reset them with softer, more tolerable labor power.

And Mr. Herndon said he thought old-fashioned “bubble” manias and “credit cycles” remained a danger, too.

Eliminating the longstanding economic cycle would be “the holy grail of central banking,” said James Knightley, chief international economist at ING, the global bank. “The Fed’s willingness to use innovative tools” — like its off-the-cuff creation of lending facilities to keep credit flowing on Main Street and heal bank balance sheets since 2020 — gives it “more levers to wiggle to help reduce the chance of a downturn,” Mr. Knightley said.

“Phrases like ‘This time it will be different’” generally have a bad track record, he said. “But maybe it will.”

In several ways, this time has been different so far.

Typically, the housing sector — and its interconnected industries, from construction and home improvement to real estate finance — accounts for nearly 20 percent of U.S. output . The Federal Reserve has more than quadrupled its interest-rate levels since the spring of 2022, bringing its key policy rate to over 5 percent from near zero. That drove mortgage rates to unaffordable highs and made financing new home building difficult. And the residential real estate sector, highly sensitive to interest rates, ground to a halt. But the economy as a whole continued to grow.

When in-person services plummeted during the pandemic, e-commerce and goods-buying picked up the slack. By the time millions of households were sated with goods purchases and manufacturing fell off, the in-person economy was reopening and in-person services began a booming recovery.

There are some market analysts, such as Jim Bianco of Bianco Research, who believe that the U.S. economy — in its dynamism, diversity and size — has in some respects begun to resemble the global economy itself, which typically contracts only when colossal shocks to output occur.

The global financial crisis and the Covid-19 pandemic — which were separated by only 10 years and did cause global recessions — show that while rare, such maelstroms can coincidentally occur back to back. So, long expansions are no guarantee. On the flip side, Australia went about three decades without a recession until Covid ended the streak .

Nina Eichacker, a professor of economics at the University of Rhode Island and the author of two recent papers about government responses to crises, cited another influence: a powerful school of thought that government interventions, even amid downturns, add “frictions and inefficiencies to markets” and “make us worse off overall.”

The robust federal response to the pandemic shock was enabled by a general view that it was an act of nature. Future financial stresses are more likely to have villains, which means proposed solutions are more likely to face division in Congress even if unemployment is notably rising.

But Ms. Eichacker thinks that those political limits to consensus may soften if this expansion rolls on and public opinion of the hefty federal response that helped foster it grows fonder.

“I am sometimes freaked out by how optimistic I feel about the state of things,” she said. “Economically anyway.”

Talmon Joseph Smith is a Times economics reporter, based in New York. More about Talmon Joseph Smith

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Moscow, like other international urban areas , is decentralizing, despite considerable barriers. The expansion will lead to even more decentralization, which is likely to lead to less time "stuck in traffic" and more comfortable lifestyles. Let's hope that Russia's urban development policies, along with its plans to restore population growth, will lead to higher household incomes and much improved economic performance.

Wendell Cox is a Visiting Professor, Conservatoire National des Arts et Metiers, Paris and the author of “ War on the Dream: How Anti-Sprawl Policy Threatens the Quality of Life ”

Note 1: The 23 ward (ku) area of Tokyo is the geography of the former city of Tokyo, which was abolished in the 1940s. There is considerable confusion about the geography of Tokyo. For example, the 23 ward area is a part of the prefecture of Tokyo, which is also called the Tokyo Metropolis, which has led some analysts to think of it as the Tokyo metropolitan area (labor market area). In fact, the Tokyo metropolitan area, variously defined, includes, at a minimum the prefectures of Tokyo, Kanagawa, Chiba and Saitama with some municipalities in Gunma, Ibaraki and Tochigi. The metropolitan area contains nearly three times the population of the "Tokyo Metropolis."

Note 2: The expansion area (556 square miles or 1,440 square kilometers) has a current population of 250,000.

Note 3: Includes all residents in suburban districts with at least part of their population in the urban area.

Note 4: Urban area data not yet available.

Photo: St. Basil's Cathedral (all photos by author)

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Road in city area.

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Transit and transportation services are quite impressive in most of the urban cities; therefore people were getting better benefits from suitable transportation service. Urban cities like Moscow, Washington, New York and Tokyo; we have found high margin of transportation system that helps to build a better communication network in these cities. I hope through the help of modern transportation system we are able to bring revolutionary change in automobile industries; in this above article we have also found the same concepts to develop transportation system. Mercedes repair in Torrance

Moscow is bursting Noblesse

Moscow is bursting Noblesse at the seams. The core city covers more than 420 square miles (1,090 kilometers), and has a population of approximately 11.5 million people. With 27,300 residents per square mile (10,500 per square kilometer), Moscow is one percent more dense than the bleach anime watch city of New York, though Moscow covers 30 percent more land. The 23 ward area of Tokyo (see Note) is at least a third more dense, though Moscow's land area is at least half again as large as Tokyo. All three core areas rely

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Russians seeing the light while Western elites are bickering?

What an extremely interesting analysis - well done, Wendell.

It is also extremely interesting that the Russian leadership is reasonably pragmatic about urban form, in contrast to the "planners" of the post-rational West.

An acquaintance recently sent me an article from "The New Yorker", re Moscow's traffic problems.

The article "abstract" is HERE (but access to the full article requires subscription)

http://www.newyorker.com/reporting/2010/08/02/100802fa_fact_gessen

One classic quote worth taking from it, is: "People will endure all manner of humiliation to keep driving".

I do find it odd that the "New Yorker" article author says nothing at all about the rail transit system Moscow had, on which everyone was obliged to travel, under Communism. It can't surely have vaporised into thin air?

Moscow is a classic illustration of just how outmoded rails are, and how important "automobility" is, when the auto supplants rails so rapidly than even when everybody did travel on rails up to a certain date, and the road network dates to that era, when nobody was allowed to own a car; an article written just 2 decades later does not even mention the rail transit system, other than to criticise the mayor for "failing to invest in a transit system".......!!!!!!!!

This is also a give-away of "The New Yorker's" inability to shake off the modern PC ideology on rails vs cars.

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As India heads to the polls later this month, Prime Minister Narendra Modi and his Bharatiya Janata Party are touting their successes on the campaign trail. “This is India’s moment,” Modi declared in a rare interview last December. But do the numbers tell the same story?

As you peruse Foreign Policy ’s Spring 2024 print issue , here are five charts that may help contextualize the scale of India’s challenges—and how it compares with its peers on key indicators. 

1. The World’s Most Populous Country—and Growing

Last year, India surpassed China to become the world’s most populous country. India’s population is projected to grow for another four decades, after which aging demographics will lead to a decline. China has already peaked. By the end of the century, its population could be a tad over half its current size.

2. GDP Per Capita Remains Low

India often ranks as one of the fastest-growing economies in the world. It has a long way to go: GDP per capita clocks in at just $2,411 per year, a number that compares poorly with other emerging economies such as China, Mexico, and South Africa. (South Korea’s growth story is instructive here: While it had a similar per capita income in the 1970s, the average South Korean today earns more than 13 times as much as the average Indian.) 

3. Young Indians Need Jobs

With nearly half of its population under the age of 25, India is an overwhelmingly young country. New Delhi will need to work harder to make this a demographic dividend. Youth unemployment remains stubbornly high at 17.83 percent. 

Join FP Live for a discussion about the magazine’s India issue on Tuesday, April 16, at 11 a.m. EDT. Subscriber questions are encouraged. Register here .

4. Internet Usage Is Exploding

The rapid proliferation of cheap smartphones has led to an unprecedented internet boom in India in the last decade. Some 866 million Indians used the internet in 2023, up from a little over 200 million in 2014. More will surely come online as access improves. From Manali to Mumbai, vendors across most Indian cities are increasingly turning to digital payment options such as Paytm and GPay. 

5. Women Are Underemployed

It’s a generally held belief that as countries develop, more women enter the workforce. India is a strange paradox here. Despite Modi’s campaign promises to empower women, only 28 percent of Indian women were formally employed in 2022, lagging 9 percentage points behind neighboring Bangladesh. China and Kenya have female labor force participation rates of 61 percent and 72 percent, respectively.

Anusha Rathi is an editorial fellow at Foreign Policy . Twitter:  @anusharathi_

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The changing of the conservative mind in recent years could hardly be captured more pithily than in the headline of a recent op-ed: “Why I believe in industrial policy — done right.” So opined Sen. Marco Rubio for The Washington Post and, at greater length, for National Affairs.

Note that I’m not addressing the changing of the conservative heart. Calling lawfully convicted violent criminals such as the Jan. 6 rioters “hostages” speaks more to the sad and profound changes of heart on much of the right.

What I’m referring to, rather, are the ideas, arguments and principles that once defined conservatism intellectually, among them rejection of the kind of government intervention in the economy that the Florida Republican now apparently favors.

Modern conservatism — the sort associated with Barry Goldwater, William F. Buckley, George Will, Thomas Sowell, Ronald Reagan and to some extent Rubio when he first came to Washington — once regarded central economic planning and everything associated with it, including “industrial policy,” to be dangerous folly. Buckley’s 1955 mission statement for The National Review declared: “Perhaps the most important and readily demonstrable lesson of history is that freedom goes hand in hand with a state of political decentralization, that remote government is irresponsible government.” He also noted that the “competitive price system is indispensable to liberty and material progress.”

This conviction can be traced back to Edmund Burke and Adam Smith, but it became a defining principle on the American right during the Cold War, against the backdrop of the rise of the Soviet Union as well as the domestic programs of Franklin Roosevelt’s New Deal and Lyndon Johnson’s Great Society.

There are many strands to the conservative argument against state efforts to shape the economy. One is the “knowledge problem,” a phrase adapted from Nobel Prize-winning economist Friedrich Hayek’s brilliant 1945 essay “The Use of Knowledge in Society.”

The knowledge problem, simply put, is that society, including the market, is too complex and too dynamic for government experts to reliably direct it from afar. In a free market, prices capture information that even the best data-gatherers can’t. The closer you are to the problem, the closer you are to the solution.

Public choice theory — what another Nobel laureate economist, James M. Buchanan, called “politics without romance” — adds another layer of reasons to distrust central planning. Government experts and regulators are often “captured” by the industries or activists most affected by their policies. Also, once politicians get involved, policy priorities multiply — extending to boosting employment, expanding diversity, favoring certain states or districts, protecting specific industries and so on — and the government’s stated goals become pretexts for other motives. “Crises” — pandemics, war, unemployment, environmental problems — become excuses to reward favored constituencies.

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Take President Joe Biden’s recent announcement that he would rebuild Baltimore’s collapsed Francis Scott Key Bridge both “as rapidly as humanly possible” and “with union labor and American steel.” Well, which is it?

That brings us to Rubio. Take it from a longtime columnist, you can’t always blame writers for the headlines mischievous editors put on our articles. But “Why I believe in industrial policy — done right” perfectly captures the senator’s argument and the trouble with the broader right-wing fad for central planning.

Oh, you want to do it right? Well, that changes everything!

I mean, if only someone had told Hayek and Buchanan that their objections could be answered by just “doing it right.”

The change in the conservative mind goes beyond industrial policy. It’s really about the use of state power generally. Too many Republicans no longer have any problem — moral or otherwise — with government imposing its will on society, so long as the “right” people are doing it “right.” The knowledge problem, they seem to believe, is confined to the left wing.

This is the core conceptual failing of Rubio’s argument, but there are others.

We used to say the left invented crises and distorted facts to justify expanding government. The same can now be said of the right. Rubio suggests that until very recently, America embraced “unfettered free trade.” This is not only untrue but, as Reason Magazine’s Eric Boehm suggested, a particularly strange assertion by a leading defender of Florida sugar subsidies.

Rubio also states that American manufacturing has suffered “decades of neglect” and that the “collapse of American manufacturing has ... done incalculable harm to our nation’s social fabric.” What collapse? While it’s true that U.S. industrial employment has declined — mostly thanks to automation, not trade — industrial output has been increasing for a century.

I agree with Rubio that we should spend more on defense for national security purposes. But Rubio wants such spending to also mend the nation’s social fabric and serve as a jobs program.

I don’t share the senator’s confidence that Washington could do that if only people like him were in charge.

Jonah Goldberg is editor-in-chief of The Dispatch and the host of The Remnant podcast. His Twitter handle is @JonahDispatch.

©2024 Tribune Content Agency, LLC.

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Moscow, Russia

See the official Rolling Stones web site in Russia , also having info in English!

How "the rolling stones" solve the problem of unemployment in moscow, their own uncompetence, their own openess, thanks to constantin preobrazhensky (moscow) for supplying info about the web site and the stones show in russia. also thanks to leonid ulitsky , italy, for info..

Home — Essay Samples — Geography & Travel — Travel and Tourism Industry — The History of Moscow City

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