Noor Javed
Each month, the federal government’s Bureau of Labour Statistics randomly surveys sixty thousand individuals around the nation. If respondents say they are both out of work and seeking employment, they are counted as unemployed members of the labour force. Jobless respondents who have chosen not to continue looking for work are considered out of the labour force and therefore are not counted as u
Unemployed. Almost half of all unemployment spells end because people leave the labour force. Ironically, those who drop out of the labour force—because they are discouraged, have household responsibilities, or are sick—actually make unemployment rates look better; the unemployment rate includes only people within the labour force who are out of work. Not all unemployment is the same. Unemployment can be long term or short term. It can be frictional, meaning someone is between jobs; or it may be structural, as when someone’s skills are no longer demanded because of a change in technology or an industry downturn
And even if most unemployment spells are short, most weeks of unemployment are experienced by people who are out of work for a long time. To see why, consider the following example. Suppose that each week, twenty spells of unemployment lasting 1 week begin, and only one begins that lasts 20 weeks. Then the average duration of a completed spell of unemployment would be only 1.05 weeks. But half of all unemployment (half of the total of 40 weeks that the twenty-one people are out of work) would be accounted for by spells lasting 20 weeks. Every day thousands of Pakistanis are losing jobs as the ongoing economic crisis deepens further. Just how many millions will become jobless in 2023? Nobody can say for sure. But let’s rephrase the question: What will be the total number of unemployed people by the end of this year, including those that couldn’t find work even before 2023?
Unemployment Rate in Pakistan decreased to 6.30 percent in 2021 from 6.90 percent in 2019. Unemployment Rate in Pakistan averaged 5.72 percent from 1986 until 2021, reaching an all-time high of 8.30 percent in 2003 and a record low of 3.10. Pakistan is facing a multitude of challenges that are taking a heavy toll on its labour market while driving greater informality and out-migration. The ILO, through its Fourth Decent Work Country Programme (DWCP), is dedicated to addressing the plight of workers and struggling enterprises and to finding solutions that will help to increase the security of their livelihoods through these difficult times,” said Geir Tonstol, ILO Country Director for Pakistan. Compared to a post-Covid-19 no-crisis counterfactual scenario, employment numbers in 2022 are estimated at 1.8m below where they should have been. The estimated “jobs gaps” will grow to 2.4m in 2023. Currently, looking at the condition of Pakistan, it is sad to say that many people are unemployed. Even some people are highly capable and a few among them have good education and fulfil all the requirements of a particular job, but couldn’t get one just because of unemployment.
The Pakistani rate of unemployment increased by 6.5 percent, and we can say that one out of every 10 persons in the country are experiencing unemployment. The statistics from the urban areas for the unemployment rate were taken and it increased by 2 percent to 10.1 percent and in rural areas it increased from 4.3 percent to 5 percent. In the year 2020, when the unemployment rate in Pakistan was approximately 4.45 percent, a minor decrease from 4.65 percent the previous year. According to the Trading Economics Global Macro Model and Analysts expectations, the unemployment rate is likely to reach 5.0 percent by the end of 2021. According to official information, the predicted growth of the economy has almost eliminated the informal sector in which three of every four people lost their livelihoods between April and July the previous year. According to a report, “Special Survey for Evaluating Socioeconomic Impact of COVID-19 on Wellbeing of People”, the labour market of Pakistan dropped by 13 percent in the April–June quarter of 2020, leaving 20.7 million people out of work and due to that those workers, who mostly affected by this were the low-skilled young workers.
Students afters studying for many years still not able to achieve a better place in society .Our youth is jobless that increases depression ,anxiety ,stress,insomnia like pathetic problems among society .When they realize that after studying for many years still they are not able to achieve a better place in society they become hopeless .And then create other means for their income . Unemployment is a significant issue for any economy. It creates adverse impacts on the unemployed as they are jobless and suffer from worse chances to find a new job, and those who are employed feel less secure about keeping their jobs in future. It is the job of the government to strictly monitor the implementation of laws. The people of the country should help the government to fight against unemployment. Therefore, every citizen should follow the rules and regulations in their true spirit and should maintain discipline. To make our country successful, along with the government, every individual should do their part of the job.
However, by taking the necessary steps, the government can help to reduce unemployment and create a more prosperous future for all people. Joblessness has a number of negative impacts on society as it can lead to poverty, crime, and social unrest. It can also have a negative impact on the mental and physical health of individuals and families. Social scientists say unemployment can also lead to a loss of social status and self-esteem. It can make it difficult for people to afford basic necessities, such as food, clothing, and shelter. It can also make it difficult for people to save for the future or to invest in their education or skills.
The government has a responsibility to address the unemployment crisis and to create a more just and equitable society.
The author is a student at National Defence University Islamabad