Growing Unemployment Rate in Bangladesh Due to COVID-19 Shock: A Problem That Could Take Years to Get Resolved

Authors

  • Md. Rezaul Karim Sajid M BA in Operations and Supply Chain Management, American International University Bangladesh, Dhaka, Bangladesh, Block-B, Road-7, House-5/1, Rupatali Housing State, Barishal-8207, Bangladesh
  • Md. Nazmul Karim Sakib M BA in Human Resource Management, University of Barishal, Barishal, Bangladesh, Block-B, Road-7, House-5/1, Rupatali Housing State, Barishal-8207, Bangladesh

Keywords:

Unemployment Problem, Youth Unemployment, COVID-19, Jobless People

Abstract

This paper aims to show the ever-increasing unemployment in Bangladesh due to the corona pandemic that could seriously affect the socio-economic lives of people. Millions of people from various sectors (agriculture, construction, tourist and hospitality, transportation) have lost their jobs or are unable to find a new suitable job to feed themselves and their families. Most salaried workers have become jobless as they could not go to their respective workplaces because of the strict lockdown imposed by the government. The youths including fresh graduates are the worst sufferers as the current job market is hostile to them. They must become more creative and skilled to get a decent job in a highly competitive job market. New policies and rules must be implemented to ensure job security. At the same time, poor workers who have become jobless due to this epidemic must be given adequate subsidies by the government.

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Published

2021-09-14

How to Cite

Sajid, M. R. K. ., & Sakib , M. N. K. . (2021). Growing Unemployment Rate in Bangladesh Due to COVID-19 Shock: A Problem That Could Take Years to Get Resolved. International Journal of Formal Sciences: Current and Future Research Trends, 9(01), 7–12. Retrieved from https://ijfscfrtjournal.isrra.org/index.php/Formal_Sciences_Journal/article/view/552

Issue

Vol. 9 No. 01 (2021)

Section

Articles

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