UNEMPLOYMENT AND ITS SOCIO-ECONOMIC CONSEQUENCES IN DEVELOPING COUNTRIES

Abdullajonova Shahnozaxon Qudratullo qizi,Soliyeva Gulira’no Ergashboy qizi

Authors

Abdullajonova Shahnozaxon Qudratullo qizi,Soliyeva Gulira’no Ergashboy qizi Scientific Supervisor Teacher of the Foreign Languages Department,2nd-year student of the Economics Department, Qo‘qon Universiteti Andijon filiali

Keywords:

Unemployment, developing countries, labor market, economic growth, poverty, migration, socio-economic consequences, youth unemployment, employment policy, globalization, industrialization, sustainable development, labor force, economic stability.

Abstract

This article examines unemployment and its socio-economic consequences in developing countries. The study analyzes the main causes of unemployment, including rapid population growth, insufficient industrial development, lack of investment, and the mismatch between education systems and labor market demands. The research also highlights the negative impact of unemployment on economic growth, poverty, migration, social stability, and psychological well-being. In addition, the article discusses the role of digital transformation, globalization, and labor market reforms in reducing unemployment levels. The study is based on analytical and descriptive research methods and provides practical recommendations for improving employment opportunities and achieving sustainable socio-economic development in developing countries.