World Unemployment Rates 2017

I Can't Feed My Family
I Can’t Feed My Family

The High Unemployment Rate Effect

When potential workers are unemployed. They, their families, and the country as a whole lose. Their communities lose wages to support schools, health care services, and local government control.

The country also loses the goods or services that could have been produced. In addition, the purchasing power of these adults is lost, which can lead to further unemployment for yet other workers.

Another key factor, is having the opportunity to participate in public life, that affects millions of women around the world, and limits their ability to become successful members of the workforce, based on gender inequality.

Below is a list of 20 countries with the world’s highest unemployment rates. As you will see, these are the number of males and females that participate in their countries work force:

 

The World's 20 Highest Unemployment Rated Countries

 Rate W/Male*W/Female**
1. Djibouti 54.068.037.0
2. Congo46.173.071.0
3. Bosnia and Herzegovina 41.5757.034.0
4. Haiti40.671.061.0
5. Afghanistan40.079.016.0
6. Kenya40.073.062.0
7. Kosovo32.959.044.0
8. Gambia29.883.072.0
9. Yemen29.873.026.0
10. Swaziland28.572.044.0
11. Namibia28.164.055.0
12. Palestine26.672.019.0
13. Republic of the Congo26.673.069.0
14. South Africa26.661.045.0
15. Angola26.077.064.0
16. Lesotho25.374.059.0
17. Macedonia24.4668.043.0
18. Greece23.5263.044.0
19. Equatorial Guinea22.392.081.0
20. Guyana21.080.043.0

*Working Percentage of Males 15 and Up       **Working Percentage of Females 15 and Up

Resource: The World Bank

Skills to Pay the Bills

Let’s look at the average income per worker from these countries. The annual income is $4,309 a year; $359 per month, and $90 per week.  The highest earning country is Greece ($22,648 per year), with the lowest being Gambia at $529 per year.

Now let’s compare the ratio of men to women that are working. Women are 22% less involved in the workforce and earn 64% less per year.

Again, unemployment like the number of children out of school and illiteracy rates, shows a gender bias, which is limiting the opportunity for females to contribute more to these countries’ economies.  For example, 13 of the 20 nations with the highest unemployment rates are from Africa, were women work 50% longer hours than men, but  earn much less.

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