10 countries with highest unemployment
 |
Europe, Africa and South America's labour markets are struggling to recover from the 2008 financial crisis - as people under 25 face youth unemployment rates at a record level of 21 per cent.
Let us take a look at 10 most jobless countries.
Click NEXT to read more...
Image: Europe, Africa and South America's labour markets are struggling to recover.
10 countries with highest unemployment
|
|
1. South Africa
Unemployment: 25.3 per cent
The problem: Poor education leading to high youth unemployment. Though the government has tried to create more jobs, one in four people in South Africa is unemployed - and jobs created by government programmes only last 4-6 days.
Click NEXT to read more...
Image: South Africa has 25.3 per cent unemployed. A view of Cape Town
10 countries with highest unemployment
|
|
2. Croatia
Unemployment: 18.8 per cent
The problem: The government's initiatives for job growth have failed - and 141,000 jobs lost in the last two years.
New infrastructure projects worth $13 billion announced by Croatia are expected to combat the problem.
Click NEXT to read more...
Image: New projects are expected to boost employment. A yacht marooned at Split beach in Croatia.
10 countries with highest unemployment
|
|
3. Lithuania
Unemployment: 17.8 per cent
The problem: High corporate taxes and large deficit - in effort to control the credit crisis, Lithuania imposed higher corporate taxes, which only lead to more companies shutting down.
Click NEXT to read more...
Image: Lithuania has 17.8 per cent unemployment. A view of Vilnius.
10 countries with highest unemployment
|
|
4. Latvia
Unemployment: 14.3 per cent
The problem: Even lower unemployment rates outside the capitol in the Riga region where unemployment can soar up to 22.3 per cent.
Their government job programmes have been troubled and education budgets cut.
Click NEXT to read more...
Image: Situation is worse outside capital Riga, pictured above.
10 countries with highest unemployment
|
|
5. Ireland
Unemployment: 13.8 per cent
The problem: Known as the face of EU economic problems, Ireland's real estate bubble resulted in a banking sector collapse.
Unemployment went up by 10 per cent and is unlikely to pass due to an exodus of people leaving the country.
Click NEXT to read more...
Image: Real estate bubble resulted in banking sector collapse. A bridge in Dublin.
10 countries with highest unemployment
|
|
6. Slovakia
Unemployment: 12.5 per cent
The problem: Up and raising, the unemployment rate in Slovakia is expected to rise until March, when job market reforms are expected to have kicked in.
Click NEXT to read more...
Image: Unemployment rate is set to rise. Bratislava has several interesting sights.
10 countries with highest unemployment
|
|
7. Greece
Unemployment: 12.4 per cent
The problem: 192,000 people have lost their jobs in October 2009 and the economy shrank in 2010 by 4.2 per cent with construction, retail and tourism taking the biggest hit.
Image: Unemployment rate in Greece is 12.4 per cent. A view of Santorini.
10 countries with highest unemployment
|
|
8. Poland
Unemployment: 12.3 per cent
The problem: Youth, women and long-term unemployed struggle to find jobs. The country has not been able to control its unemployment rate since it moved on from communism 20 years ago.
Click NEXT to read more...
Image: Poland has not been able to control unemployment, including in Warsaw.
10 countries with highest unemployment
|
|
9. Colombia
Unemployment: 11.3 per cent
The problem: 2.5 million out of work although financial and natural gas sectors are performing well.
Click NEXT to read more...
Image: Unemployment rate in Colombia is 11.3 per cent. A view of cartagena.
10 countries with highest unemployment
|
More |
10. Turkey
Unemployment: 11.2 per cent
The problem: Export drops in automotive, linens and textile sectors. Although women's employment prospects are improving by 0.9 per cent (to 28 per cent) the year before.
Image: Women's employment prospects are improving. Turkey's beautiful capital Istanbul.
article