Unemployment Rate in Pakistan
Unemployment means that the number of people who at the present
time are looking for jobs or are being considered as jobless
divided by the total labor force. The unemployment has the direct
impact on the economy of a nation. Pakistan is one of those
countries which have the highest unemployment rate in the world.
There are several reasons which contribute in the unemployment of
any country which includes the political instability, lack of
skilled labor, inflation or even other factors like terrorism and
natural disasters. The rapid increase in population is one of the
main causes of unemployment. The resources are limited. There are
comparatively very less facilities and opportunities needed for the
well being of such huge population of our country. While the new
jobs are not generated, the job seekers are increasing in number
with every passing day. Secondly agriculture is the sector for
maximum job provision in the country. But it is facing severe
challenges of water shortage and technological backwardness.
Approximately 62 % is living in rural areas and their livelihood,
somehow depends on agriculture. Unfortunately the sector is unable
to provide employment according to our needs. Thirdly, industry is
considered to be the paradise of employment for educated and
skillful people. Pakistanís industry is short listing its labor
instead of adding to its labor force because of the intense energy
shortfall. Without energy, an industry is useless and its shortfall
has caused a severe damage to productive capacity. The industries
are being closed for days because there is no energy supply and
they are unable to meet the expenses.
The problem of unemployment is becoming more and more acute. Its
rate is increasing day by day. It can only be solved with the
generation of new jobs in all sectors and by encouraging the
talented and skillful people.