Bangladesh’s education system is failing to produce skilled human resources for industries, leading to rising unemployment among educated youth while industries struggle to find qualified workers, according to economist Selim Jahan.
The past government had been relying on international definitions and standards that are over four decades old to measure labour data, painting a rosy picture of low unemployment and an improved labour market.
The share of unemployed tertiary-educated youth within the total unemployed population in Bangladesh increased to 27.8 percent in 2022 from 9.7 percent in 2013 as many struggled to find jobs that match their skills and educational qualifications, according to the latest World Bank (WB) report.
The recent unrest stemming from a student movement seeking reforms to the quota policy for government jobs boiled over into violence after the initially peaceful protest was allegedly attacked by an opposing party.
Inflation, which erodes the purchasing power for consumers as well as businesses, happens in two ways.
The employability of fresh graduates remains a pressing concern for both students and employers.
A great majority of the world population today is not in control of their fate.
Although an increasing number of female students are coming out of universities every year, they continue to have the highest unemployment rate among graduates, according to the Labour Force Survey (LFS) 2022 released at the end of last week.
Almost every weekend, residents in Dhaka see a common scene in front of educational institutions: youths are either waiting at the gates to go inside or coming out after taking part in the recruitment tests in their efforts to land jobs.
Dhaka ranked sixth among 25 Asian capital cities in official unemployment ratings, whereas Nepal’s capital Kathmandu has the highest rate and Phnom Penh, capital of Cambodia, recorded as the lowest in this regard, a study reveals recently.
Bangladesh's large youth population has to be equipped with right set of skills to make them employable in the fast-changing job
BNP senior joint secretary general Rizvi Ahmed rejects the proposed national budget for the next fiscal terming it as anti-people.
Unemployed nurses lay siege to the Directorate of Nursing Services at Agargaon in Dhaka since this morning protesting a circular seeking to recruit 3,616 senior nurses.
A physically challenged man with sound higher education in Lalmonirhat returned all his academic certificates to the government yesterday.
Leader of the Opposition in parliament Raushan Ershad humiliates journalists saying most of them chose the profession due to lack of employment.
Unemployment in Bangladesh has been a serious problem particularly for the educated youth. More and more students are pursuing IT and business related subjects.
Though there are many views on 'inclusive growth', the key consensus is that inclusive growth is a growth process which reduces poverty, inequality and social exclusion and promotes 'decent' jobs and economic and social cohesion.
There is need for a well-designed and effective industrial policy wherein monetary (interest rate subsidies) and fiscal incentives (reduced taxes or tax holidays) should be transparent and time-bound.
AS the country battles with layers of snow in the biting cold, its economy brings some positive news.
