The number of unemployed people is increasing day by day in Bangladesh. The International Labour Organisation (ILO) has projected that the country's unemployment will stand at 3.6 million in 2022. According to the Bangladesh Bureau of Statistics (BBS), currently we have a total of 2.7 million unemployed people. Many factors are responsible for this situation. Firstly, the Covid-19 pandemic has made people lose their jobs, which is too difficult to recover. Secondly, a lack of employment opportunities is making the problem acuter as the graduates are now unable to find jobs as per their desire.
Thirdly, our educational institutions are not providing students with pro-career education. Fourthly, vocational training is inadequate. Our youths do not have enough skills and expertise in terms of getting familiar with the latest technology, which makes them unfit for the rising demand of job market. Fifth, corruption and nepotism have compelled the eligible candidates to remain unemployed for a long period of time. Last but not least, our younger generation is not yet ready to become entrepreneurs. If they are not encouraged to be entrepreneurs, newer jobs will not be generated. Even a lack of financial support prevents them from becoming promising entrepreneurs.
The above-mentioned reasons behind our growing unemployment rate should be addressed immediately by making a comprehensive plan. We are aware of the fact that the solution cannot be made overnight, but the combined efforts of everyone can pave the way for creating employment, which is a prerequisite for our economic development.
Department of Finance and Banking,
Comilla University, Cumilla,
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