BY BGCTUB

1. WELCOME
To
Our Presentation
On….

3. Presented to
Mr. Iftekhar Uddin Ahmed Chowdhury
Lecturer
Department of Economics
BGC Trust University Bangladesh

4. Presented by Group-C
 Name Id No
Nafiz Imtiazur Rahman (C) 140107159
Md. Ashraf Ali 140107026
Md. Jabed Hossain 140107003
Md. Omar Faruque 140107005
Sumaira Al Ahmed 140107097
Riadur Rahman 140107044
Md. Tarik Mahmud Rifat 140107015
Kaji Riaze Bin Enayet 140107101
Koushik Das 140107103

5. Introduction
Definition
Types of unemployment
Causes of unemployment in developing
countries
The effects of Unemployment
Unemployment rate in Bangladesh
Current Unemployment rate of the world
Solutions
Conclusion
CONTENTS

6. Introduction
The employment opportunities of all
citizens of a country are impractical due
to several reasons. Unemployment of
some kind has always been a country’s
problem of modern societies, whether
developed or underdeveloped.

7. Definition
Unemployment refers to a situation
in which the workers who are capable
of working and willing to work but do
not get work.

8. Seasonal Structural CyclicalFrictional
Types of unemployment

9. Types of unemployment:
Frictional unemployment:
Frictional unemployment occurs
when a worker moves from one
job to another.
Seasonal unemployment:
Seasonal unemployment occurs
when an occupation is not in
demand at certain seasons.

10. Types of unemployment:
Structural unemployment:
Structural unemployment arises
when qualification of a person is
not enough to meet his job
responsibilities.
Cyclical unemployment:
Cyclical unemployment occurs
when the economy is in need of
low workforce.

11. Causes of unemployment in
developing countries
1. In-sufficient rate of
development
2. Rapid rate of population
growth
3. Increasing output of the
Bangladeshi universities
4. Backward character of
Bangladeshi agriculture

12.  The effect of Unemployment in the
economy
 The effect of unemployment on our
society
The Effects of
Unemployment

13. The effect of Unemployment in
the economy
 Unemployment financial costs:
The greater the number of the
unemployed or the longer they are
without work the more money the
government has to shell out.
 Spending power: The spending
power of an unemployed person and
his/her family decreases drastically
and they would rather save than
spend their money, which in turn
affects the economy adversely.

14. The effect of Unemployment in
the economy
 Reduced spending power of the
employed: Increased taxes and the
insecurity about their own work may affect
the spending power of the working people as
well and they too may start to spend less than
before thus affecting the economy and also
the society in a negative manner.
 Recession: With the increase rates of
unemployment other economy factors are
significantly affected, such as: the income
per person, health costs, quality of health-
care, standard of leaving and poverty.

15. The effect of Unemployment
on our society
Mental health
Health diseases
Tension at home

16. The effect of unemployment on
our society
Crime and violence
Suicide cases
Lose of skills’ usage

17. Unemployment rate in Bangladesh
4.3% 4.3%
2.5% 2.5% 2.5%
5.1% 5.1%
5% 5% 5% 5%
0
1
2
3
4
5
6
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Unemployment Rate in Bangladesh

18. An Overview of World Unemployment Rate
5.4%
5.6%
4.2%
4.1%
10.1%
4.7%
4.1%
6.5%
5%
6.4%
0 2 4 6 8 10 12
United States
United Kingdom
Srilanka
Japan
India
Germany
China
Canada
Bangladesh
Australia

19. Solutions
Monetary
policy
Fiscal
Policy

20. Solutions
Fiscal Policy:
The government will need to pursue expansionary
fiscal policy; this involves cutting taxes and
increasing government spending. Lower taxes
increase disposable income and therefore help to
increase consumption, leading to higher aggregate
demand.

21. Solutions
Monetary Policy :
Monetary policy would involve cutting interest
rates. Lower rates decrease the cost of
borrowing and encourage people to spend and
invest. This increases Aggregate Demand and
should also help to increase GDP and reduce
demand deficient unemployment.

22. Conclusion
Unemployment is a very serious
problem and this can be controlled
up to a certain limit. The present
educational system can be modified
and technical based education
should be given. The population
growth must be slowed down.
Government should encourage the
self-employed people and give aid to
them.

23. THANK
YOU

24. Do You have any Question