Unemployment in Pakistan and it's Main Reasons

1. What is Unemployment

When someone is actively looking for work and is considered to be employable, they are said to be unemployed. People who are working in the workforce but do not have the right job are part of this group.

Some one actively looking for Job

2. Main Factor of Unemployment's 

2.1. Temporary Unemployment

        This is unemployment brought on by people taking their time to transition between jobs, such as recent graduates or those changing careers. An economy will always have some frictional unemployment because the data isn't always accurate and it takes time to find jobs.

2.2  Systematic Unemployment 

This happens as a result of a mismatch in skills on the job market, which can be brought on by:

• Workplace immobility This is a reference to the challenges of learning new skills that are appropriate to a new industry and technological progress, for example, a farmer who is out of job may find it difficult to get employment in high tech businesses.
• This is a reference to how challenging it can be to relocate in order to find employment; for instance, while there may be opportunities in London, it may be challenging for parents to find acceptable housing or child care.
• Technological Development. There will be a decline in demand for some forms of labour that robots have substituted if labor-saving technology develops in particular industries.

2.3. Voluntary unemployment

This happens when people decide not to accept available jobs and instead decide to stay unemployed. People might prefer to continue receiving benefits rather than find employment, for instance, if benefits are generous. Since they have chosen to wait until they find a better job, frictional unemployment is also a form of voluntary unemployment.

3. Unemployment in Pakistan and its Reason 

• The hardest problem in Pakistan is unemployment. The topic is regarded as one of the most difficult ones in the world. Additionally, 
• Pakistan's educational system, which offers little opportunities for technical exposure and skills development, contributes to both the causes and effects of unemployment. 

• "The lack of investment brought on by the unstable environment created by terrorism, bigotry, sectarianism, and other factors, such as a lack of a merit-based system, is the second significant factor."

• Pakistan has one of the lowest rates of industrial growth among emerging nations as a result of the government's inconsistent policy, low tax collection, energy constraint, lack of skilled workers, and other factors.

Unemployment in Pakistan 

3.1. UNEMPLOYMENT RATE IN PAKISTAN

• The unemployment rate in Pakistan in 2021 was 4.35%, up 0.5% from the previous year.
• The unemployment rate in Pakistan in 2020 was 4.30%, up 0.76% from the previous year.
• The unemployment rate in Pakistan for 2019 was 3.54%, down 0.54% from 2018.
• The unemployment rate in Pakistan for 2018 was 4.08%, up 0.16% from 2017.