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Youth

Unemployment

By Joshua West and Ishan Singh

Focus Questions

1. What is Australia's unemployment rate vs the world?

2. What is Australia's youth unemployment vs the world?

3. What causes a high youth unemployment?

4. What does a high youth unemployment cause?

5. How does high unemployment affect aspects of our daily lives?

Australian Youth unemployment is a problem in Austrlaia, this can be seen through current youth, the trend over the past ten years and comparing it to other categories

Australian

Youth

Unemployment

Current

Youth

Current Youth

Australia's current youth unemployment rate is 13.30%, while the current West Australian unemployment rate is 9.07%. Compared to the rest of the country Western Australia has the lowest youth unemployment rate but overall the highest unemployment rate in the country.

The Trend of Youth Unemployment over the past ten years

The Trend of Youth Unemployment over the past ten years

In the last 10 years the unemployment rate dropped before slowly beginning to rise again. A decline in the unemployment rate was due to the mining boom. However with the boom now over and advances in technology there has been a total reduction in the number of available jobs.

Comparing the National Youth Unemployment towards oth...

Comparing the National Youth Unemployment towards other Categories

The overall national unemployment rate is 5.90% currently, compared to the 13.30% youth unemployment rate. This may be because employers are reluctant to hire young people given they do not have long term on the job experience.

Australia's Youth unemployment Compared to other Nations

Australia's National unemployment rate is not rated bad by national international standards, in February of 2017 we sat at 5.90% in just normal unemployment rate, that is including the youth and people who are at a higher age. Although our youth unemployment is not as good as that. Our youth unemployment is still doing well compared to most other countries as we sat 12.3% in January of 2017. Nations that are good to compare with are Sweden, U.S.A and the U.K.

Sweden

Sweden

As we can see from the graph, Sweden's youth unemployment is much higher than ours as it shows an 18% youth unemployment rate compared to Australia's 12.8% youth unemployment rate. This means that part time or even full time jobs must be hard to acquire due to almost 20% of the workforce in youth can not get a job which means that Australia has a far less competitive workforce than Sweden. This partially blamed upon in Sweden for its education in which near to a quater of students do not get adequate results in school resulting in less job oportunities for the youth.

U.S.A

U.S.A

The graph shows us that the United States has a little less of a competitive workforce as only 10% of youth in the workforce were unemployed looking for part time or full time jobs in January 2017 compared to Australia's 12.3 % in the same month. The line graph also shows how over the course of a year there were a few rises but there was a major drop in the rate showing that there workforce is on there way to a much lower youth unemployment rate than Australia, but only at this rate with no change.

Line Graph from https://www.statista.com/statistics/217448/seasonally-adjusted-monthly-youth-unemployment-rate-in-the-us/

U.K

U.K

According to this graph, the U.K reached 12.1% youth unemployment in December 2016 from September at 12.8% without going up. This shows us that the U.K had a lower rate of youth unemployment in December 2016 than Australia in which had 13.2%. The difference between the two nations is clearly that the U.K has a less competitive workforce to acquire a job whilst Australia has 1.1 more percent of its workforce in youth unemployment which means that the U.K had more jobs available for its work force in 2016.

Causes of Unemployment Experienced by Young People

One Cause

Lack of experience is the main cause of youth unemployment. This is because applicants are leaving school and trying to get a job, however employers are sceptical to hire them as they do not have previous on the job experience . Part of this problem is because applicants are not being trained practically for work in school and as a result have minimal qualifications to undertake an available job.

A Second Cause

Social influences are another factor that can lead to youth unemployment. The previous actions of applicants or their socio-economic background can effect their ability to get a job. For example a person who has a record of drug abuse has a lower chance of being employed. Geographic areas that have a lower socio-economic population with lower standards of education and job experience may also find a reduction in the number of lower job opportunities.

One Type of Unemployent

Cyclical employment is caused by a downward flow of the economy resulting a lower number of jobs. This is most commonly seen during economic recessions. Due to lower business activity companies reduce the number of jobs by making people redundant. These unemployed people then find it difficult to find another job given most other companies will be in the same position as the company they left.

A Second Type of Unemployment

Geographical employment is also another factor of unemployment. This is caused by either having too many people trying to get a job in a geographical area where there is not enough jobs or alternatively where people live too far away from available jobs and not being able to financially relocate to an area where jobs exist.

The Effects of High Youth Unemployment

High youth unemployment causes the workforce to be more competitive as there are limited jobs available and not enough for all of the workforce. Having a high rate of youth unemployment also has effects on a variety of things in a nation, it can have economic, social, political and individual effects.

Economic Effects

Economic Effects

Economic Effects of high youth unemployment are negative. There is a negative impact on the economy as the workforce becomes larger whilst the unemployment rates rise, this causes a reduce in the GDP (Gross Domestic Product). This results in the economy being lowered in value in a country and results in less money being available for any type of spending in a country such as government spending. This might result in higher taxes for citizens for more availabilty in government spending. That is only one example of a lowered GDP. Another economic affect isthat more money will have to be spent on welfare payments such as centre link in which results in less money for other spending.

http://cliparts.co/cliparts/Bca/Kzx/BcaKzxbzi.jpg

Social Effects

Social Effects

Social Effects of high youth unemployment are that the youth will not be able to go out and hang out with friends in places such as night clubs because they can not afford to go. This can result in business' having to close down due to the lack of injections into the economy for the sevice the night club provides in which results in less leakages.

A second Social effect is that youth may resort to stealing for income through selling items in which can make a neighbourhood unsafe or even lead to major crimes.

Political Effects

Political Effects

A political effect that can occur due to high youth unemployment is that politcal conflict can occur as youth can get angry with the government for taking away jobs which can even lead to some armed attacks on political figures if it gets unbearable for youth trying to find work.

Another political effect of high youth unemployment is that it can change the political party in which is seated in parliment due to job concerns. People may vote for a new party because of jobs rather than other serious problems such as national security.

Individual Effects

Individual Effects

One Individual effect in which takes place because of high youth unemployment rates is stress in which can lead to mental issues. The stress of coming out of university after studying for several years filled with testing and not being able to get a full time job related to the area of study they participated in can lead a person to stress about there future. This then leads to lower levels of happiness and there standard of living lowering in which can lead to mental problems in the future as they can not afford to pay bills or anything related to that matter. A second Individual effect is that it can lead to a drop in not just mental health but also physical health. Unemployment can lead to people not getting outside to do things such as work, and without the will to do anying people become lazy and this can even lead to a heart condition.

http://3news.com/wp-content/uploads/2016/07/Unemployed-graduates.jpg

Solutions to Reduce Youth Unemployment

One Possible Solution

A solution to the youth unemployment problem would be to give students in school both theoretical and practical experience so that they can be trained to a level required to required to both acquire and hold down a job. In order for this to work students would be at school longer however with the life expectancy on the rise this could be a viable option and would result in more young people getting the jobs they want as a pose to being left without a job because no one wants to hire them due to being unqualified.

Another Possible Solution

Another solution to the problem is identify areas of potential in students and guide then towards careers where they can naturally succeed. This will see an increase in school results and result in employers being more willing to employ people who have a natural aptitude towards their work.

Bibliography

References

References

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