UNB, Dhaka :
Absorbing all the unemployed youth to workforce is a daunting task for Bangladesh. It is nothing unique to this country though. This challenge is global.
As nations all over the globe observes the World Youth Skills Day on July 15, what Bangladesh probably needs to do is imbue skills into young working-age people turning them thereby market-ready for overseas jobs.
United Nations recognises rising youth unemployment as one of the most significant problems of developed and developing countries. According to UN estimates, 475 million new jobs need to be created over the next decade to absorb the 73 million youth currently unemployed and the 40 million new annual entrants to the labour market worldwide.
Meanwhile, Bangladesh Bureau of Statistics (BBS) in its ‘Bangladesh Labour Force Survey 2016-17’ shows that the overall estimated unemployment rate (defined as the unemployed as a percentage of the labour force) was 4.2 per cent in the country. It is 4.9 percent for urban and 4.0 percent for rural areas.
The highest unemployment rate was found among youths, those aged 15-24 which is 12.3 per cent, followed by those aged 25-34 years, which is 5.7 per cent.
There are an estimated 2.68 million unemployed persons who are aged 15 or older. Of them 1.36 million are aged between 15 to 24 years old, which is 50.8 percent of the working age population while 1.32 million are aged above 25 years, which is 49.2 percent of it, said the report.
The report also revealed that unemployment rate has been the highest among the literate persons (5.3 per cent) than that of illiterate persons (1.7 per cent).
According to the report, the unemployment rate signals to some extent the underutilization of the labour supply. It reflects the inability of an economy to generate employment for people who want to work but are not doing so, even though they are available for employment and actively seeking work.
While the youth unemployment rate is a big challenge for the country, experts believe that overseas employment from Bangladesh can be a solution for this.
To create skilled manpower for overseas employment, Bureau of Manpower, Employment and Training (BMET) is providing skill development training. BMET has 70 training centers countrywide so far, said, Md Nurul Islam, Director (Training Operation) of BMET.
In 2017, BMET trained 839,727 people under various categories, he added.
Absorbing all the unemployed youth to workforce is a daunting task for Bangladesh. It is nothing unique to this country though. This challenge is global.
As nations all over the globe observes the World Youth Skills Day on July 15, what Bangladesh probably needs to do is imbue skills into young working-age people turning them thereby market-ready for overseas jobs.
United Nations recognises rising youth unemployment as one of the most significant problems of developed and developing countries. According to UN estimates, 475 million new jobs need to be created over the next decade to absorb the 73 million youth currently unemployed and the 40 million new annual entrants to the labour market worldwide.
Meanwhile, Bangladesh Bureau of Statistics (BBS) in its ‘Bangladesh Labour Force Survey 2016-17’ shows that the overall estimated unemployment rate (defined as the unemployed as a percentage of the labour force) was 4.2 per cent in the country. It is 4.9 percent for urban and 4.0 percent for rural areas.
The highest unemployment rate was found among youths, those aged 15-24 which is 12.3 per cent, followed by those aged 25-34 years, which is 5.7 per cent.
There are an estimated 2.68 million unemployed persons who are aged 15 or older. Of them 1.36 million are aged between 15 to 24 years old, which is 50.8 percent of the working age population while 1.32 million are aged above 25 years, which is 49.2 percent of it, said the report.
The report also revealed that unemployment rate has been the highest among the literate persons (5.3 per cent) than that of illiterate persons (1.7 per cent).
According to the report, the unemployment rate signals to some extent the underutilization of the labour supply. It reflects the inability of an economy to generate employment for people who want to work but are not doing so, even though they are available for employment and actively seeking work.
While the youth unemployment rate is a big challenge for the country, experts believe that overseas employment from Bangladesh can be a solution for this.
To create skilled manpower for overseas employment, Bureau of Manpower, Employment and Training (BMET) is providing skill development training. BMET has 70 training centers countrywide so far, said, Md Nurul Islam, Director (Training Operation) of BMET.
In 2017, BMET trained 839,727 people under various categories, he added.
