CHAPTER ONE
1.1     INTRODUCTION
According to Begg (1987:570), unemployment rate is the percentages of labor forces that is without a job but are registered as being willing and available for work.
In the same manner, unemployment is also a state whereby a person wants to work but could not get anyone.
However, unemployment can be seen as a structural problem where the production capacity of the economy is far below the level of absorbing the available manpower. The term unemployment is multi- versatile in interpretation, hence it can also be viewed to mean those categories of people who are able bodied and often eager to work but to whom no suitable jobs are available. The issue of unemployment is perennial problem and can be seen all over the nation, states and cities. Different people are held up in this hook of unemployment problem, it isa common problem among graduates of tertiary institution and secondary school leavers. It also embraces skilled and unskilled personnel ranging from science, engineering, medical graduates and others.
The peculiarity of  the high rate of unemployment in our society has brought about the need to study how the problems of unemployment affect the youths in Agbado Oke Odo local government area of Lagos state and strive to find out possible solution to this enormous and lingering problems that threatens the core of out life stream. This is because unemployment affects economics growth, social and political stability of a Nation.
Besides, unemployment is viewed by some school of thought as a stepping stones to a better job.
From the foregoing, it has therefore becomes imperative to embark on this research hence it has been noticed that without checking the problems of unemployment, you would loitering about in Nigeria society thereby engaging themselves in numerous evil activities or constituting social menace in the society. Economists have addressed the issue of unemployment, types and effects and profer solution with the view to improving on the level of development of nations in the world.
In Nigeria today, problems of unemployment of youths is paramount due to a lot of economic measure or policy being put in the federal Government of Nigeria. Such policies are embargo on employment, devaluation of currency, establishment of foreign exchange market which is seen not to be implemented appropriately by the relevant agencies. The problem of unemployment of youths is at alarming rate due to social and political instability in Nigeria. It has been noted that youths are the future leaders of the nation and they constitute the major key factors of production in the country.
Consequently, for any production process to be ascertained and actualized, labor must be fully utilized. The absence of labor automatically renders land and capital our life stream.
1.2     STATEMENT OF THE PROBLEM
The problem of unemployment of youths has consequently led to the followings within the Nigeria society.
1.       Youths are seen parading the streets as a result of being unemployed which is detrimental to the economy of Nigeria.
2.       The high rate of unemployed youths constitute into wastage of human resources and man - power which in turn lead to lower productivity of the economy.
3.       As a result of high rate of youths, it has consequently led to high degree of moral laxity and social evil acts associated with Unemployment and this misbehavior has lead to the discouragement of the investors to boost the economy positively.
4.       The high rate of unemployment in then country has let to many of our potential labors to run away to other countries in search for a job hence, contributing to the foreign land income at the detriment of ours.
5.       Many of our youths have turned to be hoodlums and constituting nuisance to the society by collecting money from the commercial vehicle drivers as a result of unemployment in the country.