The rising unemployment rate among fresh university graduates today is an upsetting trend. Now the pool of unemployed graduates is rising to worrying levels even in some high-growth economies. This is due to several factors or causes that result in the increase of the unemployment rate today. This article brings and discusses the main causes and issues/effects on the unemployment of many fresh graduates. It is expected that this study of unemployment will achieve the objective and highlights of some important issues which relate to unemployment in graduates. The main cause of unemployment among graduates would be the lack of professional connections. (Alyssa Davis, 2014) For a fresh graduate, it is not often easier to find valuable contacts to recommend a job or get recommended. A valuable connection not only guides them in right direction but also helps fresh graduates to step into a job easily. Employers are followers of technology.
They are in a constant search for a common connection that can fit in a vacant position in his organisation. Another cause of unemployment among graduates would be the lack of experience. Fresh graduates often do not have any practical experience of work. (Heidi, 2014) The lack of experience interrupts their job application and causes a significant delay in their employment. The career portfolio of a graduate is important to make up with his/her inexperience. They can attend on-job training programs and internships to demonstrate their working skill and talent in looking for a suitable job. Besides that, the causes of unemployment may also be due to economic crisis and recession. It is a common problem because businesses stop making as much money and have to result in less or no employment of fresh graduates.
Unskilled and inexperienced workers such as fresh university graduates will suffer unemployment due to the fact that most employers will be looking for professional workers with a certain set of working skill to maintain the company’s performance during a recession. (Will Kimball, 2014) Effects of unemployment among graduates would be primarily financial issues. Graduates usually do not have enough savings or source of a stable income to support themselves, majority of them will face insufficient use of money daily. With the lost income and the frustration involved in it, the recently unemployed may develop negative attitudes toward common things in life and may feel that all sense of purpose is lost. Also, the effect of unemployment would include the loss of valuable skills and talent of fresh graduates.
The unemployed is not able to put his/her skills to use. And in a situation where it goes on for too long the person may have to lose some of his/her skills that is critical to their success in their field of study. To further complicate the situation, the longer the unemployed graduate is out of job the more difficult it becomes to find a new one. Employers find employment gasps as a negative aspect. No one wants to hire a person who has been out of work for some time even when there’s no fault of the individual per say.
In conclusion, if the unemployment issue among graduates is not solved, creation of problems to the unemployed graduates, nations, society and even the country will certainly arise. Furthermore, if the nation’s unemployment continues to be severing, riots and insurgency will be occurring across the country and halting the country trading. A significant lost towards the nation will arise due to this serious problem. Therefore, more on-job training, internships, proper guidance and counselling will help many graduates understand the causes of unemployment. (588 words)
2) Outline of the essay
Unemployment among graduates would be the lack of professional connections. Unemployment among graduates would be the lack of experience. Fresh graduates often do not have any practical experience of work Trend of many fresh graduates seeking high income and professional jobs. Causes of unemployment may also be due to economic crisis and recession.
Financial problems of many fresh graduates who do not have any source of savings or income. The effect of unemployment would include the loss of valuable skills and talent of fresh graduates. The unemployed is not able to put his/her skills to use
Cause and Effect of Unemployment
Unemployment is an issue that is a major problem globally. People willing to work in different positions are unable to secure jobs or positions. They thus end up unemployed. Unemployment crisis have been on the increase especially in countries with large populations. Governments should, however, tries as much to help people secure jobs to help them earn a living. Individuals who are working tend to have better lifestyles compared to the people who have no jobs at all. The young people, for example, especially in developing countries, have greater challenges securing employment in the job market. Unemployment is when people who can work and are willing to work are unable to get positions to work in. There are however various causes of unemployment for different people. The effects of unemployment, on the other hand, are suffered by the unemployed, their families and also the economy of the nation affected.
Causes of Unemployment
There are many reasons known as to why people are unable to secure jobs. The position may be available, but the unemployed persons may not have or possess the required skills for the job or task. In such a situation persons cannot be hired as they may not be in a position to perform tasks and activities as required. Lack of job or work experience is another major cause of unemployment. Some jobs require one to have some experience. Without the necessary experience on the job, an individual may not get the job. Another reason for which one may be unemployed is when companies lay off some of its employees. One may remain unemployed before securing a new job elsewhere. An individual may also be unemployed after quitting a job to look for another new job. Technology advancement is also one of the leading causes of unemployment in many states. The use of improved and modern technology does not require many people working in the company.
Effects of Unemployment
People who are unemployed have no income. Meeting financial needs thus becomes a problem and challenge. Unemployment may also lead to poverty. The young people who are unemployed may engage in crime to earn cash for use. It is also common that those that are unemployed may live low-quality life in terms of shelter, feeding and health. Unemployment also has adverse effects on the economy of any state. Governments thus need to address the issue of unemployment.