The article I chose had to do with the youth unemployment, around the world almost 300m from age 15 to 24 years old are not working. Many of the youth failed to graduate from high school, which makes more difficult to seek a job in extremely bad economy. They are relatively inexperienced and low skilled. Most of the people who begin their careers without work are likely to have lower wages and greater odds of future joblessness. Some employers complain that they cannot find workers with the right abilities. Especially countries with the lowest youth unemployed rate have a close relationship between education and work. Official figures assembled by the International Labour Organization say that 75m young people are unemployed, or 6% of all 15 to 24 year olds. The tough times young people are often the first to lose out. Many of the employed ones have only informal and intermittent jobs. In rich countries more than a third, one average, is on temporary contracts which make it hard to gain skills. In poorer ones, a fifth is unpaid family laborers or work in the informal economy. Overall, nearly half of the world’s young people are contributing less productively than they could.
In class, we discussed unemployment is contributing to the GDP of the country. The unemployment rate is based on people who are without jobs, who are available to work and who have actively sought work in the prior four weeks. The rate is calculated by dividing that number by the total of people in the labor force. In order to improve the efficiency, many enterprises have to fire a large number of their employees. Also, with the rapid development of science and technology, mechanical automation is more and more widely used in the modern production. However, the population keeps increasing at the same time. Many people want jobs while factories need fewer workers. Worse still, the result may be