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Iraq ranks third in the world in terms of high unemployment rate
Monday, June 12, 2023 11:51 am
Follow-up / National News Center
The global economy grapples with rising unemployment rates as countries face the complexities of fighting inflation, laying off workers, securing international financing, attracting investment, and creating jobs.
According to BNN, the latest data sheds light on the countries with the highest unemployment rates, led by Africa, with Nigeria and South Africa ranking first with unemployment rates of 33.3% and 32.9%, respectively.
In a disturbing revelation, Iraq emerged as the third highest unemployment rate in the world and the highest rate in the Arab world, reaching 15.55%,
indicating that the repercussions of unemployment are deeply felt across the country, which underscores the urgent need to take effective measures to address this issue.
Spain comes in fourth place, after Iraq, with an unemployment rate of 13.26%.
Despite Turkey's ongoing crises, the country's unemployment rate stands at 10%, which puts it in fifth place on the global list.
Iran comes in sixth, grappling with an unemployment rate of 9.6%, and Serbia ranks seventh with an unemployment rate of 9.2%, followed by Chile and Brazil in South America, with average rates of 8.7% and 8.5%, respectively.
Surprisingly, Finland, famous for its high happiness rating, finds itself tenth on the list, competing with an unemployment rate of 7.9%.
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Monday, June 12, 2023 11:51 am
Follow-up / National News Center
The global economy grapples with rising unemployment rates as countries face the complexities of fighting inflation, laying off workers, securing international financing, attracting investment, and creating jobs.
According to BNN, the latest data sheds light on the countries with the highest unemployment rates, led by Africa, with Nigeria and South Africa ranking first with unemployment rates of 33.3% and 32.9%, respectively.
In a disturbing revelation, Iraq emerged as the third highest unemployment rate in the world and the highest rate in the Arab world, reaching 15.55%,
indicating that the repercussions of unemployment are deeply felt across the country, which underscores the urgent need to take effective measures to address this issue.
Spain comes in fourth place, after Iraq, with an unemployment rate of 13.26%.
Despite Turkey's ongoing crises, the country's unemployment rate stands at 10%, which puts it in fifth place on the global list.
Iran comes in sixth, grappling with an unemployment rate of 9.6%, and Serbia ranks seventh with an unemployment rate of 9.2%, followed by Chile and Brazil in South America, with average rates of 8.7% and 8.5%, respectively.
Surprisingly, Finland, famous for its high happiness rating, finds itself tenth on the list, competing with an unemployment rate of 7.9%.
[You must be registered and logged in to see this link.]
