The percentage of people in economy who are eager and able to work but are not working is called unemployment. In Pakistan mostly unemployment arises when a person becomes indolent or unappreciated in the job other than this hiring and firing of companies also affect unemployment rate.Changes in unemployment depend mostly on flows made up of non-employed people starting to look for jobs, and of employed people who lose their jobs and look for new ones and of people who stop looking for employment. Most common terms are the labour force, the participation rate and the employment rate.
People experience development through their work. It is not just about having a job. It is about the quality of employment that provides a sufficient income to keep workers and their families out of poverty. It is about basic rights at work and a voice in decisions that affect their lives and livelihoods. It is about having security in times of disaster. All these are key ingredients of a decent job which stands for dignity of work, promotes a sense of self worth and ensures family stability.
Unemployment Rate in Pakistan 2015-2016
The analysis by Decent Work for both men and women show that while improvements have been achieved in Pakistan between 2013 and 2015 but some of the major challenges remain same. In this context some of the key findings of the details are:
- In line with a rising labor force contribution rate (from 50.4 percent in 1999-2000 to 52.5 percent in 2006-2007 and 6.0 percent in 2014-2015), the employment to population ratio has gradually increased over the last ten years (from 46.8 percent in 1999-2000 to 6.0.4 percent in 2014-2015), especially for women, (from 13.7 percent in 1999-2000 to 22.2 percent in 2010-2011) reflecting the Government’s efforts to create more employment opportunities for all.
- At the same time, of anxiety is the still relatively high employment-to population ratio of almost 80 percent for men (15+) as they point towards a likely profusion of low quality jobs in the country.
- Overall, men seem to benefit more from improvements in the labour market. In 2012-2013, the share of men with a pay and salaried job was at 41.2 percent; almost double that of females, at 21.6 percent, reflecting a situation in which the few wage and salaried jobs that are created tend to go to men rather than women.
- Approximately six out of ten employed people in Pakistan (61.6 percent) in 2012-2013 were considered to be susceptible, meaning “at risk of lacking decent work”. The large share of female susceptibility (78.3 percent) needs special attention. Also of concern is the large share of youth susceptibility (60.9 percent). Although often better skilled than the rest of the labour force, young people seem to face similar labour market difficulties as adults.
- Pakistan has seen very low labour productivity over the last decade. In addition the relatively low growth in labour productivity has not gone hand in hand with the rising labour force and employment growth. This development suggests that many new labour market entrants are taking on low-productivity, poorly salaried work.
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