The world of statistics (@stats_feed) has shared a comprehensive list of youth unemployment rates across various countries, shedding light on the diverse challenges faced by young people seeking employment worldwide.
At the higher end of the spectrum, Nigeria is grappling with a 53.4% youth unemployment rate, showcasing young job seekers’ formidable challenges.
On the other hand, countries like Switzerland, Japan, and South Korea have significantly lower youth unemployment rates of 2.2%, 3.6%, and 4.5%, respectively, indicating relatively better prospects for young individuals seeking work.
High youth unemployment rates often correlate with broader issues such as economic instability, inadequate educational opportunities, and limited access to job markets.
Addressing youth unemployment remains a priority for many governments and organisations worldwide, as it is crucial for ensuring the economic and social well-being of young people and the future prosperity of nations.
Recall that a recent report published by Jobberman Nigeria reveals that unemployment and its effects remain the most significant issue young people have to deal with in Nigeria.
The 2022 Jobberman Nigeria report further highlights a massive exodus of talent from the country, with layoffs, retrenchments, and termination of contractual work arrangements becoming increasingly common across various employment sectors.
According to the report, each geopolitical zone in the country has its own dreadful expression of unemployment disease.