Also, what are the main causes of unemployment?
Causes of unemployment Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. From the demand side, it may be caused by high interest rates, global recession, and financial crisis.
Also to know, what is the primary reason for unemployment amongst the South African youth?
The causes of South African youth unemployment then, are a combination of deficient demand for labour, due to the increasingly skills-intensive orientation of the South African economy, and substandard supply, caused by the emergence of risky low-skilled youth.
How we can reduce unemployment?
Many ways:
What are the factors that affect unemployment?
Job creation and unemployment are affected by factors such as aggregate demand, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage rates.