Non-Profit Organisations Research Paper Example | Topics and Well Written Essays - 3000 words

Non-Profit Organisations - Research Paper Example The unemployment rate in the United Kingdom is about 6.35% as determined by the Office of National Statistics (2014). Hidden unemployment is another associated phenomenon that comprises of people who like to work additional hours to meet their needs or are discouraged, workers. Youth unemployment (unemployed aged 18 to 25) is a prevalent issue that has created several problems. According to 2014 statistics, 767,000 people are unemployed aged below 25 which is a really alarming issue and needs to be addressed accordingly. Boys and girls of aged 18 who are neither employed, in education or training are 18.5% and 15.3% respectively. Major causes of such unemployment are stagnant economic growth, financial crisis, public sector cuts, lack of qualifications and experience. The social impact of youth unemployment is very detrimental and numerous areas like economy, society, health, etc are badly affected. The total direct cost of unemployment is  £4.7 billion per annum that includes lost of productivity along with job seekers’ allowance (Statista, 2014). Youth unemployment impacts the mental health of the young ones that generate the risk of suicide attempt as many such people suffer from panic attacks, depression, insomnia and other mental diseases. Many thinkers and researchers believe that riots in various parts of the country are resultant of youth unemployment. That is also the reason why large numbers of young people seriously consider emigrating in order to search work.