Rising Unemployment in Pakistan..

Topics: Unemployment, Economics, Economy Pages: 3 (1004 words) Published: February 9, 2011

Unemployment is enforced idleness of wage earner who is able and willing to work but cannot find jobs. In societies like Pakistan where most people earn their living only by working for others being unable to find a job is a serious problem. In Pakistan population pressure lower the economic growth rate and resulting in poor or slow growth of country economy. According to the survey report the rate of unemployment in 1998 was 5.50 percent which increased to 7.82 percent by the year 2003. Thus the rate of unemployment in rural areas was 5 percent which increased to 69 4 percent, while the rate of unemployment in urban area was than 9 percent which increased to 9.9 percent by 2003. In Pakistan 50 percent of our population is composed of women who are treated as out of the work force. Unemployment in Pakistan is increasing due to various causes but if these things can be controlled than unemployment rate can automatically decline. Rapid Population Growth:

Rapid growth in the population is the main factor which is worsening the situation, but Pakistan is one of the most populated countries of the world with annual growth rate being nearly 3 percent. It means that about 1 million workers are added yearly to the existing labour force which calls for creating job opportunities. Increase in population contributed much in rising unemployment rate in Pakistan and if the population growth keep on increasing with the same ratio than it will create more problems. Uncertainty and unrest in the country:

Uncertainty and unrest in Pakistan and the worsening law and order situation has played an important role in transferring the business to other countries, no foreign investors feel secure in investing in such a country in which their businesses are not secure. In Pakistan due to weak political system and unstable government structure. No foreign companies want to invest in unrest environment which become the cause of...
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