Unemployment across the Middle East and North Africa (Mena) region is expected to surge in the coming years as a combination of structural and cyclical factors is adversely impacting job creation in both oil-exporting and oil-importing countries.
According to a recent report ‘Re-Dynamising the Job Machine: Technology-Driven Transformation of Labor Markets in MENA’, produced jointly by INSEAD Business School, the Centre for Economic Growth in Abu Dhabi, and SAP Mena region, is facing the highest youth unemployment in the world.
With 40 million underunemployed youth and 27 million not in education, employment, or training, the Mena region has the highest rate of youth unemployment in the world at 27.2 per cent according to the World Economic Forum (WEF). This presents a serious problem for a region where more than half the 369 million inhabitants are under the age of 25. Although the unemployment levels differ across countries in the region, depending on the level of prosperity, it is a growing problem for most countries.
Chosen excerpts by Job Market Monitor. Read the whole story at Middle East’s youth unemployment expected to surge in coming years | GulfNews.com