Rising Unemployment Linked to Industry Mismatch and Deficient Labor Demand
The increase in unemployment rates since 2014 is mainly due to a mismatch between the skills needed by industries and the available labor, along with a lack of demand for workers. Recently, the impact of deficient labor demand has been more significant. To reduce unemployment, more jobs need to be created, and labor market conditions must be improved. Efforts should also focus on reducing mismatch unemployment caused by factors like age differences.