MACROECONOMICSYOUTH UNEMPLOYMENT PROBLEMS AND

CONSEQUENCES.LATVIA, GREECE, UZBEKISTAN

ADVISOR: V TETERENAME: ERGASHEV ABDUJABBOR

GROUP: UVA1D1

CONTENT• INTRODUCTION• CAUSES OF UNEMPLOYMENT• UNEMPLOYMENT RATES IN LATVIA, GREECE,

UZBEKISTAN• SUGGESTION TO SOLVE UNEMPLOYMENT PROBLEM •  CONCLUSION

INTRODUCTION• YOUTH UNEMPLOYMENT AND UNDEREMPLOYMENT

IS PREVALENT AROUND THE WORLD BECAUSE YOUNG PEOPLE LACK SKILLS, WORK EXPERIENCE, JOB SEARCH ABILITIES AND THE FINANCIAL RESOURCES TO FIND EMPLOYMENT. IN DEVELOPING COUNTRIES, THIS SITUATION IS EXACERBATED BY POVERTY AND THE COMPETITIVE PRESSURES THAT RESULT FROM A RAPIDLY GROWING LABOUR FORCE.

CAUSES OF UNEMPLOYMENT• RAPID POPULATION GROWTH• ECONOMIC INFLATION• ECONOMIC RECESSION• CHANGING TECHNOLOGY• DEMAND OF HIGHLY SKILLED LABOUR• GLOBAL COMPETITION• ILLITERACY

GREECE

GREEK UNEMPLOYMENT RATE DECREASED SLIGHTLY TO 24 PERCENT IN DECEMBER OF 2015 COMPARED TO AN UPWARDLY REVISED 24.4 PERCENT IN THE PREVIOUS MONTH. IT WAS THE LOWEST RATE RECORDED SINCE MAY OF 2012, AS THE NUMBER OF UNEMPLOYED REACHED 1.14 MILLION PEOPLE WHILE EMPLOYMENT ROSE TO 3.65 MILLION.

LATVIA

• THE JOBLESS RATE IN LATVIA INCREASED TO 9.8 PERCENT IN THE FOURTH QUARTER OF 2015 FROM 9.7 PERCENT IN THE PREVIOUS PERIOD. THE NUMBER OF UNEMPLOYED PERSONS WENT UP BY 1.2 THOUSAND OR 1.2 PERCENT TO 98.1 THOUSAND. LONG-TERM UNEMPLOYED DECLINED BY 5.9 PERCENT TO 44.7 PERCENT WHILE YOUTH UNEMPLOYMENT GREW 2.8 PERCENT TO 19 PERCENT.

UZBEKISTONUNEMPLOYMENT RATE IN UZBEKISTAN DECREASED TO 10.70 PERCENT IN 2015 FROM 10.90 PERCENT IN 2013. UNEMPLOYMENT RATE IN UZBEKISTAN AVERAGED 10.95 PERCENT FROM 1991 UNTIL 2015,

SOLUTION• A CHANGE IN THE PATTERN OF INVESTMENT• ENCOURAGEMENT TO SMALL ENTERPRISES AS AGAINST BIG

ENTERPRISES• PROBLEM OF CHOICE OF TECHNIQUE• ENCOURAGEMENT OF NEW GROWTH CENTRES IN SMALL

TOWNS AND RURAL AREAS• SUBSIDIES ON BASIS OF EMPLOYMENT • REORIENTATION OF EDUCATIONAL POLICY • STRENGTHENING INFORMATION TECHNOLOGY SECTOR• MORE INDUSTRIALISATION• PROMOTE OF EXPORTS

CONCLUSION• GOVERNMENT HAVE TO INTRODUCE A NUMBER OF

EMPLOYMENT-GENERATING SCHEMES,POLICY INITIATIVES HAVE TO BE TAKEN FOR SKILLED WORKERS.

• THERE IS A NEED FOR A GLOBAL UNDERSTANDING OF YOUTH UNEMPLOYMENT. GLOBAL ORGANISATIONS NEED TO PUT SPECIAL EMPHASIS ON THE PROBLEM OF YOUTH UNEMPLOYMENT TO ENHANCE EMPLOYABILITY AND EMPLOYMENT OPPORTUNITIES.

THANKS FOR YOUR ATTANTION