Unemployment is an economic indicator that refers to the number or proportion of people in an economy who are able to work, but are unable to get a job. A person in this situation is said to be unemployed. If someone retires, goes back to school or leaves the work force to take care of children or other family member, that is not unemployment. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economic conditions and other circumstances.
Unemployment levels are increasing dramatically in many parts of the world.
The causes of unemployment are manifold. Economists distinguish a number of types of unemployment, however no matter what type is this, it is brought about by changes in the economy or the labor market, when the jobs available do not fit the workforce's skills. Also it is caused when the economy slows down, and businesses are forced to cut costs by reducing expenses. Unemployment can also be caused by competition in specific industries or companies. Sometimes unemployment is a result of advanced technology, such as computers or robots, which replaces worker tasks with machines.
There's many things that can be done to reduce unemployment. For example The Government needs to try to create demand in the economy because if the demand for goods and services in the economy increases, the demand for labour will increase, increasing employment and wages. They also should provide more and more training and education to the unemployed. This could help improve computer skills and communication. These people will become more confident and employable, unemployment agencies should tighten their job search and job acceptance requirements, countries need to ensure that their welfare systems do not provide disincentives to work, creating jobs that require manual work by humans. Also work sharing, early retirement, and reduced migration. But the best way is to encourage people to get learn, to get new skills which can be useful in work and get experience but also improve the education and training provided to young people, with a greater focus on vocational skills.