Article unemployment:an obstacle in the countrys economiec growth
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Unemployment has been for decades the reason for the fall of governments and regimes,and we blame the government .
Just like the general unemployment rate, youth unemployment is recorded and monitored to gauge the job market situation in a country and worldwide. The statistic shows the global youth unemployment rate from 2009 to 2014 with a forecast up to 2019. The global youth unemployment rate was at 12.9 percent in 2012. An alarming statistic. coming down to individual country Some countries count insured unemployed only, some count those in receipt of welfare people employed even if only marginally associated with employment market (for example, working only one hour per week).There can be differences in the age limit. For example, Eurostat uses 15 to 74 years old when calculating unemployment rate, and the Bureau of Labor Statistics uses anyone 16 years of age or older (in both cases, people who are under education, retired, on maternity/paternity leave, prevented from working due to health, or do not work but have been inactive in seeking employment in the last four weeks are excluded from the workforce, and therefore not counted as unemployed).Unemployment rates are often seasonally adjusted to avoid variations that depend on time of year. Employment rate as a percentage of total population in working age is sometimes used instead of unemployment rate. One of the countries with the highest unemployment is Syria
A case study with Syria suggests that: people whoare employed even if only marginally associated with employment market (for example, working only one hour per week).There can be differences in the age limit. For example, Eurostat uses 15 to 74 years old when calculating unemployment rate, and the Bureau of Labor Statistics uses anyone 16 years of age or older (in both cases, people who are under education, retired, on maternity/paternity leave, prevented from working due to health, or do not work but have been inactive in seeking employment in the last four weeks are excluded from the workforce, and therefore not counted as unemployed).Unemployment rates are often seasonally adjusted to avoid variations that depend on time of year. Employment rate as a percentage of total population in working age is sometimes used instead of unemployment rate because of this discrepancy.
The economy of Syria is based on services, agriculture, oil and industry. Its GDP per capita expanded 80% in the 1960s reaching a peak of 336% of total growth during the 1970s.This proved unsustainable for Syria and the economy shrank by 33% during the 1980s. However the GDP per capita registered a very modest total growth of 12% (1.1% per year on average) during the 1990s due to successful diversification. The GDP per capita was last recorded at USD $4684.72 in 2012.Negative effects of the Syrian civil war on economic growth is a decrease in GDP per capita by more than 38% from 2012 to 2015. Unemployment globally must be reduced as it contributes enormously to the growth of a country and the world in general