Unemployment Of Bangladesh

                 Unemployment Of Bangladesh

                                    

Unemployment is a social disorder or crisis. Unemployment is the situation when a person cannot find a job as his profession. Bangladesh Labor Force Survey (2002-03 and 2005-06) considers a person 15 years of age and above to be unemployed who did not do any work despite actively looking for work or being ready for work?

This definition of unemployment in Bangladesh is in line with the concept of visible and invisible partial employment reflects the fundamental imbalance between other components of consistent production according to the Bangladesh Labor Force and Survey of 2002-03 and 2005-06, the total civilian labour force of the country was respectively 56.3 and 49.5 million of which 36.0 and 36.4 million were males and 10.3 and 12.1 million were females but the workforce grew to 44.3 and 56.4 million, of which 34.5 and 36.1 million were males and 9.8 and 11.3 million were females. As a result, the unemployed population increased to 2.0 and 2.1 million of which 1.5 and 1.2 million were males and 0.5 and 0.9 million were females respectively. The number of unemployed has been increasing in the country due to the increase in the workforce more than the working force.

About half of the highly educated people in Bangladesh are unemployed. 

The number of educated unemployed is increasing in the country as the education system is not in line with the demand of the job market. About half of the students who come to the labour market every year with higher education are either unemployed or not getting jobs as per their qualifications. A special report by the Economist Intelligence Unit (EIU) of the world-renowned British magazine The Economist states, at present, 48% of the graduates in Bangladesh are unemployed in South Asia, there are more highly educated unemployed than in Afghanistan alone, at 65 per cent. Outside of India, the rate is 33 per cent, more than 20 per cent in Nepal, 26 per cent in Pakistan, and 7.8 per cent in Sri Lanka. According to the Bangladesh Bureau of Statistics (BBS) Labor Force Survey 2010, the current workforce in the country is 56 million of these, 5 crores 41 lakh people have jobs, this means only 26 lakh people are unemployed. However, according to the survey, the number of people who work in the family but do not get any wages is one crore 11 lakh. Also, there are another one crore six lakh day labourers, whose work is not guaranteed. The World Bank thinks that even though the government shows less, the unemployment rate in Bangladesh is 14.2 per cent. On top of this, 13 lakh new people are joining the labour market every year, so there is pressure on the economy to create new jobs. According to the agency, if the employment rate in Bangladesh is increased by 2 per cent, the growth rate will increase to 6 per cent, and then it is possible to become a middle-income country by 2021. According to the International Labor Organization (ILO), there are currently about 30 million unemployed in Bangladesh.