Unemployment Rate: Unemployment increased due to global economic crisis, more people are looking for jobs in India than in Pakistan

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unemployment rate: In recent times, the whole world is facing the global economic crisis. Kovid-19 and the Russia-Ukraine war have greatly increased the economic challenges at the global level. Fears of recession were being expressed in Germany, UK, America and European countries. During this, unemployment has increased a lot due to worldwide recession. Due to the economic crisis, big companies have laid off lakhs of people. Startup companies were greatly affected in this environment. Along with reducing the number of employees, he also had to face severe financial crisis. Most of the employees in the IT sector had to lose their jobs. In such a situation, unemployment has increased in the whole world including India. A report has been issued by the World of Statistics regarding this.

Highest unemployment in South Africa

World of Statistics (World of StatisticsAccording to the data, South Africa has the highest unemployment in the world. Here 32.6 percent people are unemployed. Whereas, Iraq is on the second place in this list. Where about 15.55 percent people are unemployed. Afghanistan is at the third place in the list along with Bosnia and Herzegovina. The unemployment rate here is 13.3 percent. The big thing is that Pakistan’s unemployment rate is 6.3 percent, while India’s unemployment rate is 8 percent. This means that there are more unemployed in India than in Pakistan. However, one thing to note is that the population of India is 7 to eight times more than that of Pakistan. At present, the unemployment rate of Pakistan is lower than many countries including Spain, Iran and Ukraine.

Unemployment rate:

South Africa: 32.6%
Iraq: 15.55%
Bosnia and Herzegovina: 13.3%
Afghanistan: 13.3%
Spanish: 11.6%
Greece: 10.8%
Ukraine: 10.5%
Iran: 9.7%
Turkey: 9.6%
Colombia: 9.57%
Chile: 8.77%
India: 8%
Brazil: 7.9%
Uruguay: 7.8%
,

— World of Statistics (@stats_feed) September 5, 2023

3.8 percent unemployment in America

According to the report, the unemployment rate in the US is 3.8 per cent, while Australia has 3.7 per cent unemployment. Apart from this, unemployment in China is higher than these two countries, which is 5.3 percent. The unemployment rate in Saudi Arabia is 5.1 percent. According to the World of Statistics report, the lowest unemployment in the whole world is in Qatar. Where there is only 0.1 percent unemployment. According to the report, unemployment is 9.6% in Turkey, 9.57% in Colombo, 8.77% in Chile, 7.9% in Brazil, 7.6% in Italy, 7.2% in France, 7% in Egypt, 6.9% in Finland and 6.9% in Argentina. .

Office hiring down 6 per cent in August on cautious approach in IT, auto sectors

Office hiring declined by six per cent in August due to a cautious trend in information technology (IT), insurance, auto, health-care and business process outsourcing (BPO) sectors in the country. This was said in a report on Monday. There were 2,666 jobs in August this year, compared to 2,828 in the same period a year ago. According to Naukri Jobspeak Index, there was a four per cent increase in jobs in August, 2023 on a monthly basis. In July 2023, there were 2,573 jobs. Naukri JobSpeak is a monthly index that describes the state of the Indian job market. It provides information on recruitment activities based on job searches and job postings by employers on Naukri.com.

what is unemployment

Unemployment is a social and economic problem which means that those people who are ready to work are not in any job and they cannot be financially self-sufficient. It is a huge problem that affects countries on an individual and societal level.

There are many types of unemployment

• Structural Unemployment: In this unemployment is said to those people who have got higher education in their field, but they are not getting jobs in their field.

• Initial Unemployment: In this type of unemployment there are people who are ready to work in search of a job, but they have to face difficulties in getting the first job.

• Group unemployment: In this type of unemployment, people in an area are unemployed in a group, and it is on a large scale, such as the unemployment of farmers when there is less employment in agriculture.

• Voluntary unemployment: In this people are out of job for a time, but try to get a job again, such as the effort of seasonal jobbers who work in the harvesting season.

• Due to unemployment, the economic condition of the people can be affected, and it promotes economic and mental stress in the society. Governments support several measures such as job payments and upskilling programs to reduce unemployment.

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