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Unemployment And It's Effects On Nigeria Youths
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1.8 JUSTIFICATION OF THE STUDY
Various
researchers have conducted research works on unemployment and its
effects on youth in the society. For instance, International Labour
Organisation (2010) found out that 35 countries for which data exist,
nearly 40% of job seekers have been without work for more than one year
and therefore run significant risks of demoralization, loss of
self-esteem and mental health problems. More importantly, young people
are disproportionately hit by unemployment.
Also in a study conducted
in the United States of America (U.S.A) by Thooker (2011) shows that
unemployment in the U.S currently stands at an eye-popping of 9.6%.
There is 4 out of 10 Americans who want to work but unable to find a
job. The situation is particularly affect the citizens who have been out
of work for a long time and have therefore lost unemployment benefits
that have expired. This situation has forced American government to
budget more on social welfare packages for these unemployed youths, and
therefore, causing strains on the other sectors of American economy.
White
and Wyn (2004), postulates that unemployment is a single factor that
affects young people, their families and communities. Today, youth
unemployment has become a serious issue all over the world;
approximately half of the unemployment group is of youth.
In Nigeria,
Awogbenle and Iwoamadi (2010) concluded that youth unemployment was an
impeding factor of developing economies. They argued that the situation
had become more pathetic for hunting jobs not only for experienced and
educated youth. They suggested juveniles to be self-employed through
entrepreneurial process rather than to serve others.
Base on the
above literature, non of the studies have given comparative analysis
concerning unemployment and its effects on youths in contemporary
Nigeria.
This is why I had decided to focus my consequences on the
contemporary societies using a case study of Ibesikpo Asutan Local
Government Area of Akwa Ibom State.
DEFINITION OF CONCEPTS UNEMPLOYMENT
In
economics, unemployment refers to the condition and extent of
joblessness within an economy, and is measured in terms of the
unemployment rate, which is the number of unemployed persons divided by
the total civilian labour force. Hence, unemployment is the condition of
not having a job often referred to as being out of work, or unemployed.
The history of unemployment is the history of industrialization.
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