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Guide to Reducing the Problem of Unemployment

Governments today are concerned over the growing incidence of unemployment seen in the world today. Theories have been expressed after discussions have emerged regarding a country’s progress which is influenced by many microeconomic factors including the rate of employment.

Most of the theories that have come up are either impractical or cannot apply to all the countries and some even increase the level of unemployment by their suggestions.

The steps given below can possibly be used by governments or world bodies in solving the problem of unemployment in the world today.

One way is through the improvement of employment exchange. In many countries, employment exchange is a mere formality, and so it is important that employment exchange offices synchronize correctly and quickly with private companies which provide the maximum job opportunities. Government should grant more funds and powers to its employment exchange terminal.

Better education facilities should be given to citizens of the country. Education creates employment, so a country with good educational facilities will have less unemployment.

Elimination of child labor. When children are allowed to make money, they will find other means to make more and choose not to go to school anymore. It is best for small children to get an education rather than start working early. You can look for other options if eliminate child labor.

There should be more job fairs. A job fair is a great venue where companies who have job opening can meet up with people who are potential employees that need them.

Government should increase its grants to public sector companies. Public sector companies can offer a lot of job opportunities to many people.

An improvement in pay scales will reduce those stopping to work by choice. People will not choose unemployment if the pay scale in government and public sectors is improved.

Some other possible steps in reducing unemployment is creating an independent ministry of employment and better tax transitions. The government can be helped greatly in their fight against unemployment if they would follow some of the suggestions given above.

Since unemployment is now a global issue, there are a lot of researches going on about it. People can get more information in unemployment websites. You can find useful information about the issue and family matter through these websites.

The trade sector compared to the other job sectors have not really suffered unemployment and these trades such a electricians and plumbers are very much in demand. Because of this, many young people from all backgrounds are turning to vocational training courses and apprenticeships to help them launch on their exciting new careers. Vocation courses are very attractive because you don’t spend much compared to a college degree and you acquire practical skills and work experience.

Researched here: http://www.vanguardngr.com/2017/01/football-prediction-nigeria-betting-source-employment/