Cause And Effect Of Unemployment

The situation of shortage of jobs for college graduates have been increasing faster and faster. Student and parents think that a degree diploma is to need to be hired for work. Many college graduates could not find suitable jobs. Nearly everyone agrees that recent college graduates are having a tough time finding work. Moreover, young people aged 18 to 34 have struggled with double-digit unemployment. Some people believe that the rising of college unemployment due to lack of employment opportunities. Even though the job market for new college graduates is better than it has been in recent years, there is still a vast amount of unemployment and underemployment among college graduates. Many people think that a degree diploma is easy to get a

The reason of difficulty in finding a job, this increases competition. Too many college graduates are applying to high-income sectors, it will lead to competition among applicant. Most college graduates, the more competitor that should be face to fill job vacancy. College has become more affordable and a lot of pressure has been put on students to attend college in order to find a good job. Educated unemployment or underemployment is due to a mismatch between the aspirations of graduates. To have a higher position and higher salary, but the quantity of student is getting higher, it will cause unemployment. The secondary effect of this is that the days when having a degree alone would get you a job over. Record number of college applicants across the nation, resulting in more college grads, and thus, more competition for the limited number of jobs available on the market. Graduate unemployment is unemployment among people with an academic degree. In addition, you need something more than just a degree to get you that first job out of college. Your degree must be in the elite or you must have something outstanding than others. Young people have long suffered higher unemployment than the rest of the country, unless they have a college degree because they are young. Graduates are moving from unemployment to employment. Finding a job is always harder than keeping a

High unemployment rate in a country leads to social and economic problems in the community as a whole. Research study undertaken proved that the unemployment. They are devastating phenomena in the lives of graduates and a high incidence of either, are definite indicators of institutional ineffectiveness. More than two million college graduates are now unemployed and millions more are underemployed. According to a recent Wall Street Journal column, young graduates face the bleakest odds among all jobseekers, as their real unemployment rates hover near 17 percent. The Unemployed College Graduate’s Survival Guide, young adults are unemployed at nearly double the rate of older Americans, and their incomes have declined much faster than the national average. A recent government report on “Unemployment Among Young Workers” shows the highest rate of unemployment ever recorded for this age group while the U.S. Bureau of Labor Statistics indicates that the jobless rate for younger workers with a college degree has more than doubled since the financial crisis began. When a country becomes overpopulated, it gives rise in unemployment as there fewer jobs support a large number of people. Rise in unemployment gives rise to crime as people will steal various items to feed their family and provide them basic amenities of