Why Unemployment is expected to rise in 2019?
Start writing a post
Life Stages

Why Unemployment is expected to rise in 2019?

Because population is rising and recession is coming.

Why Unemployment is expected to rise in 2019?

Unemployment has always been a bad stigma to this world. More than 30% of the people in this world are without any proper jobs. And this rate is expected to rise even further in the coming year of 2019.

But why is this happening? Why are companies not able to give jobs to the candidates, or why are people losing jobs at such a high rate?

Here I have talked about few factors due to which we can expect a shortfall in the number of job offerings, and hence, a great rise in the unemployment rate.

Rise in Population

The population is growing at a very high rate. Barring few countries, rest others are experiencing high birth rates and low death rates each year. Plus, with medicine getting advancements, the death rate is also dropping severely.

In short, there are more than sufficient people in this world, each looking for some or the other suitable job for himself. BUT, the jobs are not rising at the same rate.

With the advancement of technology, a lot of the work is easily done with the tools and software available easily. And because of that, the man force required has decreased. With the population growing at such a high rate, unemployment will definitely increase because the companies do not need that much employees now.

Because companies are now offering less jobs, people are looking for alternate sources of revenue, one of which is the legitimate paid online surveys sites. People are turning to digital platform to meet their job needs and earn some good money.

Upcoming Recession

A lot of people have predicted that the recession is on the way. Very soon, the whole planet would be hit by a great recession of all time. And that is another reason why companies have dropped the number of vacancies. Those who were earlier offering 10 open positions, are now offering 5.

Such a drop is also the reason why unemployment is expected to rise. Clubbed with the rise in population, there is no escape from this upcoming situation. We can only expect all of this to over soon and the work scenario to come back to its original form. Then only this unemployment rate would decrease.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
the beatles
Wikipedia Commons

For as long as I can remember, I have been listening to The Beatles. Every year, my mom would appropriately blast “Birthday” on anyone’s birthday. I knew all of the words to “Back In The U.S.S.R” by the time I was 5 (Even though I had no idea what or where the U.S.S.R was). I grew up with John, Paul, George, and Ringo instead Justin, JC, Joey, Chris and Lance (I had to google N*SYNC to remember their names). The highlight of my short life was Paul McCartney in concert twice. I’m not someone to “fangirl” but those days I fangirled hard. The music of The Beatles has gotten me through everything. Their songs have brought me more joy, peace, and comfort. I can listen to them in any situation and find what I need. Here are the best lyrics from The Beatles for every and any occasion.

Keep Reading...Show less
Being Invisible The Best Super Power

The best superpower ever? Being invisible of course. Imagine just being able to go from seen to unseen on a dime. Who wouldn't want to have the opportunity to be invisible? Superman and Batman have nothing on being invisible with their superhero abilities. Here are some things that you could do while being invisible, because being invisible can benefit your social life too.

Keep Reading...Show less

19 Lessons I'll Never Forget from Growing Up In a Small Town

There have been many lessons learned.

houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

college students waiting in a long line in the hallway

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments