LABOR MARKET AND UNEMPLOYMENT ISSUES:STATISTICALANALYSIS AND SOLUTION
DOI:
https://doi.org/10.55640/Keywords:
Labor market, unemployment, labor force, economic development, youth unemployment, rural employment, structural unemployment, cyclical unemployment, frictional unemployment, vocational training, job creation, human capital, employment policy, wage levels, productivity, informal employment, digital economy, labor mobility, skills mismatch, social protection, poverty, inequality, economic reforms.Abstract
This article provides the current state of the labor market and unemployment challenges through a comprehensive statistical analysis. The labor force plays a critical role in driving economic growth and stability. However, rising unemployment, particularly among youth and rural populations, has become a persistent issue in many countries, including developing economies. The study analyzes recent labor market data, highlighting trends in unemployment by age, gender, and region. Key causes such as structural changes, technological disruptions, and mismatches between education and job market needs are discussed in depth. Furthermore, the paper explores the socio-economic consequences of unemployment, including poverty, inequality, and reduced productivity. In response, various policy measures are evaluated, such as government employment programs, vocational training initiatives, and reforms aimed at improving labor market efficiency. The findings suggest that a coordinated approach involving public and private sectors is essential to address unemployment sustainably. By combining data-driven insights with practical policy recommendations, this study aims to contribute to informed decision-making and more resilient labor market development.
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