It is hard to believe that passed out students find difficulties to secure a job. Many graduates spend ten to twelve hours online to find the job. Still, they are not getting a job according to their qualifications.
In this period, you think now you can bear the expense without depending on your parents. But in reality, you are still facing money problems. It seems weird when you are graduate and still asking for help from your parents. Though, you are an independent person, and believe that you will able to get a job. BUT all you need a financial support, then the loan may be the best alternative for you.
It would be better if you approach online lenders in the UK instead of traditional banks. It is because you will hardly get approval for a loan without any income source. But you can apply online for quick loans for unemployed. In this way, you can get instant cash to support your finance.
There are various reasons for YOUTH EMPLOYMENT such as:
Financial crisis:
Most of the graduates remain in the hope of getting a job from colleges that known as a campus in. Due to crisis, they avoid recruiting in bulk that indirectly increasing youth unemployment.
Public sector:
Student finds hard to get a job because of reduction in the public sector. Due to the crisis, many new companies had to shut down their businesses that reduce the job.
Lack of skills:
Nowadays, companies want to hire a person with excellent skills. Companies like Google need a graduate person or not but with the best skill.
You can see there are various reasons, which increase the unemployment among youth. It not only creates a financial problem, but many others that we have discussed below.
NEGATIVE EFFECTS OF YOUTH UNEMPLOYMENT
Economically: It is for sure that if a person ages 18 to 24 won’t able to get a job, then it may create difficulties in the future too. And for any country, its youth is power and if it remains week, then it will badly affect the economy.
Underemployment: After not getting a qualified job, people have to do work which is not their part of interest.
Health: For some people, managing finance without a proper income affect their health.
Migration: It is basic that people have to move from one country to another to find a job which also increases brain drain.
You can see there are various causes and its effects on youth employment. Though, you can hope for getting a job in the future but managing day to day expenses has become a challenge. If you need monetary help, then loans for unemployed are the best choice. You can deal with the expenditure until you get the job. Use the loans and get the continuous flow of funds until getting hired for a new employment.
Description: Youth unemployment is a serious issue for any country and people between 18 to 24 years old are affected mentally as well physically.
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