UNEMPLOYMENT AND ITS IMPACT ON YOUTH OF SHOMOLU LOCAL GOVERNMENT AREA, LAGOS STATE

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The Project actually addresses the Problem; Unemployment in Nigeria, Using Shomolu Local Government as the case study and their Youths, which was later used to make Generalisation, on impacts of unemployment. on the youths of Nigeria.

ABSTRACT

Economists believe that the economy achieves full employment when not more than 6 percent of people are unemployed and become redundant. Unemployment has become a global phenomenon, as an active instigator of economic problems; it has thrown challenges that cannot be ignored by nations, economists, experts, and government. That challenge is the need to constantly update with economic issues and maintained full employment, not to have any causality in the population distribution. Adequate work opportunities is a central need in all societies, it is highly painstaking when we considered modernization which is the powerful forces that have widened the gap between the ‘haves’ those who can take advantage to rapid technological and economic change and the “haves not” those who are unable and unwilling to do so. Do we now say that the economy has created Bias in the process of development? Except for retires, and other receiving government (where available). Most people rely almost entirely on salaries and wages to pay their bills and put something on their table and future, hence, no job, no earning and other effects set in. Unemployment, thus an important issue of the economy, that it requires careful and to expatriate to continuous looked into, the reason being that its rigidities can destroy, destabilizes the economy.

TABLE OF CONTENTS

Pages

Title Page i

Certification ii

Dedication iii

Acknowledgments iv

Abstract' v

Contents vi

CHAPTER ONE: INTRODUCTION

1.1 Background of the Study 1

1.2 Statement of the Problem 3

1.3 Objective of the Research 4

1.4 Research Question 4

1.5 Research Hypothesis 4

1.6 Scope of the Limitation 5

1.7 Operational Definition of Terms 6
CHAPTER TWO: LITERATURE REVIEW

2.0 Unemployment 8

2.1 Unemployment Rate 10

2.2 Principal Types of Unemployment 12

2.2.1 Frictional Unemployment 12

2.2.2 Structural Unemployment 13

2.2.3 Cyclical Unemployment 14

2.3 Full Employment 14

2.3.1 Obstacles to Pull Employment 16

2.3.2 Minimum Wage Laws 16

2.3.3 Labour Unions 1?

2.3.4 Unemployment Insurance 19

2.3.5 Other Government Regulations 20

2.4 Special Employment Measures 20

2.4.1 Fiscal policy 22

2.4.2 Monetary policy 23

2.5 Relevance of Reviewed Literature 23

2.6 Theoretical Review 24

2.6.1 Ragner Nurkse Theory of Disguised Unemployment 24

2.6.2 Deprivation Theory 25

2.6.3 The Natural Rate of Unemployment 27

2.6.4 Relating the Above Theories to Nigeria 28
CHAPTER THREE: THEORETICAL FRAMEWORK AND METHODOLOGY

3.0 Introduction 31

3.1 Research Methods 31

3.2 Study Location ' 32

3.3 Study Population 32

3.4 Sampling Techniques 33

3.5 Sampling Size 34

3.6 Research instrument 34

CHAPTER FOUR

4.0 Introduction 35

4.1 Data Presentation and Analysis 36
CHAPTER FIVE: DISCUSSION AND SUMMARY OF FINDINGS

5.1 Introduction 66

5.2 Discussion 66

5.3 Summary of the Findings 6 9
CHAPTER SIX: CONCLUSION AND RECOMMENDATION

6.0 Introduction 80

6.1 Conclusion 80

6.2           Recommendation                                                                                                             82
BIBLIOGRAPHY                                                                                                                           88
Appendix                                                                                                                                       89

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UNEMPLOYMENT AND ITS IMPACT ON YOUTH OF SHOMOLU LOCAL GOVERNMENT AREA, LAGOS STATE

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